Received a letter that they are more than doubling my monthly fee + a $50 meter reading fee, and unfortunately this is a cost that the state does not allow us to pass along to the tenant!

Quote from @Jonathan Greene: 2 bedroom single-family homes are great rentals because they cost way less to buy and don't rent for much less than a 3-bedroom home.I'll second this.

I am thinking a 2-3 bedrooms and minimum 2 bathrooms.

Does a 1 bedroom get as much traction as a two bedroom?  

She would become my tenant, and I am targeting a 2-bedroom, 2-bath townhome if possible.

If the rate is reasonable then it may make sense to try to save fast to get to the 3.5% down payment on a double or triple - househacking may allow you to increase your savings rate and pay down that loan even faster.As for estimating costs, closing in NY factor at least 1% of the mortgage amount for tax, plus $1500-2000 for lawyer, title and fees, then the amount required by the bank for escrow will depend on the actual property taxes and insurance.

Why are you double closing in the first place?

Purchase price: $1,200,000 Cash invested: $1,500,000 Purchased 12 bedroom, 12 bathroom boutique hotel, steps from the Sea of Cortez and beach in San Jose Del Cabo., Mexico.

I came across a 2-flat with a basement that has been converted into garden unit with 3 bedrooms and kitchen and bath.

Homes are double story standard homes with around 21-24 Squares.