A few questions I'd love to get your perspective on:-What makes a Detroit deal attractive enough to buy out-of-state?

Columbus tends to be a bit more insulated and diversified compared to some Midwest markets, which makes it attractive for both house hacking and long-term investing.

I do the same in my co-living properties (always in approved areas only) because it eliminates 90% of the “he said/she said” issues and keeps everyone accountable.And you're absolutely right: furnishing the home well sets the tone for the type of tenant you attract.

I've found being slightly lower ($50-$75 or so) than the higher end of the market is good to attract quality tenants who want to stay long-term.

But I don't care about attracting cheap bastards and deal seekers.

.), but it's still a unique market vs. others that are accessible from where I live, in Charlotte, that make it an attractive one to consider.

Fannie Mae and Freddie Mac make multifamily particularly attractive compared to other CRE asset classes because they offer some of the best terms in the market—longer amortization, fixed-rate options, supplementals, and generally more favorable underwriting.Another key difference as you scale into MF is how lenders underwrite the deal.

- Going to guess that the payment difference wasn't enough to spur interest.Also going to guess a decent amount of people will use the 50-year mortgage and justify it by looking at what they may gain via appreciation versus renting and getting nothing.More investors may be more attracted to this product than average owner-occupants. - It will improve cashflow, similar to an interest-only (for first 3-5 years) mortgage. 

Maybe edit the title of this post to attract local agents.And maybe try out the deal calculators on this platform, I believe you can analyze 3 deals for free -you didn't provide any numbers here for us to really chime in.It doesn't sound like this is your first cruise so I'm assuming you have a team assembled and cash reserves in place to cover vacancy/cap x, and repairs etc..I wouldn't kill myself to find a cash flowing deal at the moment - those are challenging right now, but I would more so strive for something that allows you to break even.

With balanced conditions and steady demand, well-presented and properly priced homes continue to attract buyers, while overpricing can lead to longer days on market and, ultimately, a lower final sales price.