I’ve been around real estate for decades, and I read in The Economist once that in lively markets like Charlotte, folks will pay a premium for a comfortable room if you’re near major employers.A friend of mine tried something similar out in Austin a while back.. he’d inherited a 4-bedroom property and split it into individual room rentals.

Here is the latest example from yesterdayThis is how they advertise it, $180,000“If you’re looking for a great investment, with great bones and endless possibilities, this 3-bedroom, 2-bath gem in New Braunfels is it!

Purchase price: $80,000 Cash invested: $80,000 This is a reno- adding a 1 bedroom unit to a three family home.

Please double check this and make sure that wasn’t the amount for the raw land prior to the build.

Most people assume that house hacking means living in a 2 bedroom 1 bath duplex.

Ours is a 1 bedroom and has a pull out couch.

I intend to add a closet to the den and make it a 3 bedroom adding value as well as remodel the entire unit.

A double-entry system (like QuickBooks) allows you to reconcile your bank statements, ensuring no missing or duplicate transactions.

A 4 bedroom would have you competing with larger condos or townhouses with pools, a much lower rate of return. 

I'm imagining something more like add a wall, turn a bedroom into a kitchen-living on one side and a formal dining room into a bedroom on the other side, maybe add a half bath in each unit.