The people with single rooms even paid a bit more.

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I believe the best bet to get a good deal is to target pre-foreclosures with good chunk of equity.

Quote from @Sri Voodi: RE Gurus,Recently started looking to invest in Akron/OH for single family homes.

1 year lease for an apartment to a single woman with a dog in Duluth, GA. 

Once that avenue is exhausted, go the single family route using conventional or government financing. 

It seems like your ROI is basically the same in each option, but you are taking on a much bigger project to convert a single family to a four-family.So basic calculations, since we don't have a full financial picture, i.e. what does financing of each look like?  

Lenders unfortunately don't want to foreclose on a home with 6,7,8 homes on a property that's a true single family home.

Take for example, while representing buyers in single family transactions, during the negotiation, I ALWAYS ask the sellers to credit the buyer(s) up to 3% of the asking price toward the buyers costs.

@Bijan SabbaghiYou don’t that’s the challenge - we pull data from several places as a note holder and for example and currently we see less than 20% actually going to foreclosure as most are ending in bankruptcy right now due to borrowers equityThe ones that are under water are typically going back to the bank.Best bet is to find properties where deceased or maybe divorced to get higher chance of actually going to foreclosure