Profitable 20%-40%)Additional SF at below market costChange layout for more beds/bathsChange layout for Practical ReasonsRaise Roof for additional LevelBUYER & RENTER APPEAL: ("Impulses" Sale and can be Profitable 0%-25%)Upgraded countertops & cabinetsUpgraded BathroomsUpgrade FlooringInterior Trim Upgrade (Crown, Chair, etc.)Fresh Paint & WallcoveringCURB APPEAL: (First Impression Makers but not much ROI)Upgrade LandscapeChange Exterior Colors / Paint BrickNew Entry Door / Door Surround TreatmentNew Entry LightingSurface Coat Concrete Flatwork / Asphalt

I closed on #37 this morning. it's located in westland. the surrounding cities are Canton, Garden City, Livonia, Redford and Plymouth.it's very different than what we normally buy to a point that it's unusual for us. we always get 3 bed brick ranches with a basement (see the website in my profile to see a list of them) but this is a bi-level. that means that once you enter the front door, there is a landing - then stairs UP and stairs DOWN. the rooms are upstairs and the dining/kitchen are downstairs. no actual defined "basement".the living room is upstairs and it will be converted into a 4th bedroom. an extra room means more rent for me.here's what the numbers look like:purchase price - 72k cash (they were asking 79k)rehab - who cares, but around 12k,i'd guess. maybe 15k. the bank had to change the roof since it was caving in.taxes - ~3k, maybe lessrent - $1,250 (no garage, but a shed)ARV - i dont know, maybe around 110 (but i dont care about arv)we just updated #31 and have a few just waiting for us to get "free", but that does not seem to happen. so i am just holding 2 vacant at the moment.between updating flips for other investors in Plymouth, baths for homeowners in Northville and basements in Livonia, it's hard to find the time to work on all our houses.it will cashflow nicely, around $350, maybe more, maybe less. at this point, i am more concerned about the number of rentals to increase as long as there's a cashflow over $300. fifty dollars a month is not a deal breaker. i still self manage everything, have an assistant that rents them out. i have developed a team and a system that lets us crank them out consistently and at a very high quality. i do not like to have issues once rented and hate going back to fix things that we could have caught while working on them...so we take our time and change everything that needs changing.let me know if there are questions, i'll answer anything.

Especially if you don't pay sales taxes like hotels and real bed & breakfast facilities do.Some cities might not care if you do these short-term rentals at all.

Building requirements: 48 beds or more is best.

I recommend writing your sign as such “ 3 bed 2 bath $27,450 and your phone number.†Use a blank white or yellow 18X24 inch sign in black writing.I hope this helps,Delondon

I Have two bed two 1/2 bath 2 car garage.

Examples would be going after deals in higher priced neighborhoods that are in loan default, that are on the MLS for over 180 days that are NOT short sales, deals with code violations, homes with fire damage (most fire departments have records of these), homes that have an unusually lower amount of beds/baths/sq footage for the area leaving room to add on, and the list goes on.

I believe they're actually still on the market :)Early Sept I bought a 2 bed condo in Rox and a rowhouse in E Mt Airy.

It is on 33 acres and has a lot of features that make it attractive for assisted living including views of the Mississippi river valley, 33 acres of land with walking path, indoor pool, beautiful flower beds and landscaping.  

The house was terrible & smelled like death (and i grew up on boats so I know it was not a normal houseboat smell).