Many carriers will not insure any student housing unless they tenants are going for a Masters or PHD then they do not care about them being a student.

Before the renovation, it was a 1,456 sf 2 bedroom, 2 bathroom, with an oversized attached garage, a clunky layout and a super-kludgey "master" bathroom.

I was helping out my father in law and found his master bath fan had been venting into the subfloor between the basement and main level for some 40 years.

His "management" estimate was 6%....on a tired looking 17-unit plex built in the 60s that has master meter utilities. 

About 3 or 4 years ago I built a custom shower in my master bath, a big walk-in unit.

@Brie Schmidt I found the following under the Massachusetts general laws defining condos:''Common areas and facilities'' shall, except as otherwise provided or stipulated in the master deed, mean and include:—(1) The foundations, columns, girders, beams, supports, party walls, common walls, main walls, roofs, halls, corridors, lobbies, public stairs and stairways, fire escapes and entrances and exits of the building;(2) Installations of central services such as power, light, gas, hot and cold water, heating, refrigeration, air conditioning and incinerating;(3) The elevators, tanks, pumps, motors, fans, compressors, ducts, and in general all apparatus and installations existing for common use;

I took the Private Money Broker course and am taking Master Broker and their Lien Abatement courses this summer. 

Mastering these items should get you going in the right direction!

I have 0 vacancy, 5 bedrooms are rented out at rates of: $475 master, $425 br 2, $425 br 3, $350 br 4, $350 br 5 grossing $2025.

One in the living room, separate one for the master bedroom is the usual setup.