Thoughts on 2 br 1 baths?

[Ben D.]

The general consensus seems to be that the ideal specs for single family rental properties is: 3 bedrooms, 2 bathrooms, 900-1600 sq ft.

What are everyone's thoughts on 2 bedroom 1 bath SFRs? Is there really that compelling of a case to be made against buying these as long term rentals?

I'm looking at several possibilities right now and one option is a just over 1000 sq ft two bedroom one bath property. The price is right and it's basically move in ready. And as small as it is the insurance and taxes should be really low in addition to being relatively easy to maintain. The neighborhood is decent and I feel like it would make a good rental. This property is really my plan "c" right now (assuming plans a and b don't work out).

What do you think? Should I hold out for a 3/2?