Vacancy hurts a bit more, but the biggest issue with renting out large homes is turnover cost.

With running this "business" there will be operational input costs.

A quick web search shows it can cost upwards of $25,000.I'd say that if the flea-bag isn't a service dog now, it probably never will be.

Cost approach A straightforward method that adds the cost of the land to the cost of building construction.

You need to know what things cost.

Do you have a preferred type of property and price range you're looking for in general (knowing the costs can be different based on they market)?

For most investors, to provide true separation would be cost prohibitive (between $10k-$15k). 

How much did the rehab end up costing and how long did it take to complete?

Offering a maybe 10% discount will help grease the wheels and the cost is small.

I know that i could buy my next multi family property as a primary residence close by move in, rent half live in the other and than rent where i am now which would cash flow upwards of 1k monthly, or i could buy another multi as strictly an investment property out of state which would be a lot cheaper (taxes and cost of property) and a lot more landlord friendly laws than New York, i guess i’m just undecided on which route i want to take and I’m trying to weigh the pros and cons of each scenario.