Home With Guest House

[John Powell]

I'm not sure how many people have done this, but I was considering purchasing a home with a guest house while renting out the primary home. The area seems to be a family friendly area close to a large mall and military base. The guest home is not connected and to the northern part of the property and about 15 feet from the primary home. Issues I've considered, is how the water or electricity would be metered and if a property like this would even appeal to a family? I've considering splitting the cost of water and electricity by 2/3 and 1/3 for each property. My goal my doing this would be to save up enough money to purchase further properties. I'm trying my best to avoid duplexes for a better exit strategy. The list price is 145,000 and rent for a 3bd/2bath typically ranges from 900-1100 in the area I'm looking. Studios or guest houses seem to rent from 350-500 dollars. The market for these types of homes is rare in this range.

I'd have to low ball to catch an decent price. If not, I'll have to keep looking. Here is a listing of the property. Thoughts or strategies?

Send me a message for a link to the property if interested.