My house is s 2/2 + loft, about 1300sqft, and I rent it in 1/1 or 2/2 configurations.  

After that, then the rest of the mortgage, DSCR, and other good stuff takes to play, but that's the easy part once ( of course you know) cap rate is known.The highest cap rate market like Indiana and lowest cap rate market like CA has different math and problem that investors can solve depending on the needs.What newbie investor doesn't realize is they don't buy a house but they buy set configuration of numbers.

I have two applicants for a unit at a 4 plex property that is up/down configuration.

I would have had to leave out the pantry, fridge panels and used a cheaper door configuration.

Or other configurations that might achieve best rental rates.

A business partner owns a 10,000sf floor of a historic building currently configured as an office.

I have spent a good amount of time and configured it.

Sales force is expensive but it can be configured to do almost any possible thing that you need it to do.

One option would be to rent it by the room to three young professionals (or even a couple)...if you rented it by the room to three people, you'd probably be able to get more than what you have it listed for...if you rented it to a young couple, you could probably still get 1600ish (market the extra bedrooms as an office for each of them).Another option would be to re-configure the functionality of the house--turn it into a 2 bedroom 2 bath...if you did that, now instead of a cramped 3/2, you have a spacious 2/2 that would be great for a single parent with one kid, a young couple, or two housemates (each of whom would get their own bathroom, which is a huge selling point if you're renting to housemates)....the downside of this is the extra work, and also the fact that it could reduce the value of the property if you decide to sell...  

I often assist REI and property owners solve spacial problems, re-configure interiors or conversions/additions.