As you know, you won't get the same amount of interest right now compared to the spring and summer months, so you could easily do a 4-6 month lease to start with the new tenant, and then raise the rents to market or re-rent it during the prime rental months of April-August when there are way more people looking to move. 2) I wouldn't let your place sit vacant since it sounds like a wonderful home, and there is still a lot of demand for rentals, especially detached single family homes.3) Most travel nurses rent studios and one bedroom type places/basement apartments since they don't need all that space, but it wouldn't be that impossible to find 4 travel nurses, maybe a little more work on your part.  

I usually look at the price to rent a studio in the area and then multiply by ~0.75 to get the rent for a bedroom. 

Sean I've been thinking about this as well, I just did a rental analysis for each city in the East Valley, from Studio all the way to 4BR.

Someone in this BP thread said they do about 75% of whatever a studio rental was in their area.

@Gregory Heilers I learned Florida from a $4.00 audio book on audible.

The storage unit next to the garage will also get a face lift and be turned into a workshop/studio to provide a third source of income from the property.

The storage unit next to the garage will also get a face lift and be turned into a workshop/studio to provide a third source of income from the property.

If I put the two bed 1 bath rents for 800 that is 2400 for those ...the studio I am adding will be another 650 So 3150 for apartments ..With 13 storage units at 55 that is 715 a month but I am adding a larger 14th unit that I will rent for 150 but let's say 100 bringing the total to 815 for storage So 3150+815 =3965In a cap rate appraisal you exclude the mortgage, tax, insurance and cap Ex So expenses are ..Heat 200Water 75Trash 75Landscape/snow 75Repairs 120Vacancy 120Miscellaneous 200That's 865 in expenses but let's say 900So 3965-900= 3065 in profit (noi) x12 months in a year=36780You divide that by the market cap rate..which I am going to use the most recent data of 7.45%36780÷0.0745=493,691can't be right.

For example, I rented a studio for 1200.

I looking for a realtor that can help me find a studio or 1 bedroom apartment in the $600-$900 range.