On top of that, some DSCR lenders might charge more in fees and points, while providing quality service, so finding that sweet spot is key.Long winded answer to an open-ended question, but (biased opinion) that is where a broker could come into play.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

Let's say market ARV is $350k, and they've tried selling and listing in the $320k+ range and it just isn't going because there is about $30k of reno, and buyers today don't like doing sweet equity anymore.

Sweet deal with built in equity.

Sweet deal built in equity. 

That’s the sweet spot.

This is a sweet deal, and love to see it happening in my current market.

We do it short and sweet.

Finding that sweet spot of affordable yet healthy/upcoming markets in MA for a house hack with a 203k is a smart move.