For the most part, this will only keep the bedroom cool but it is better than nothing. 90% of the time the tenants are very appreciative. 

If you have ample time and want to be hands-on, I’d recommend choosing a market that interests you and building a team—including an agent, contractors, and a management company—to support you throughout the process.However, if you’re busy and don’t have the time to manage all these aspects, turnkey options might be a better fit.

The residential are large (2000+ sq ft) but only three bedroom.

Ask what people renting bedrooms are paying.

Even if you clarify that your return has "just 2 properties", it's still the same as clarifying for your contractor that "this house has only 2 bedrooms."

It’s a market rate 2 bedroom 2.5 bath townhome in a community that’s a mix of market rate and work force homes.  

Buy a property with lots of bedrooms and rent out the spares to family, co-workers, friends?

Started with a 5 bedroom and continued on to another 5 bedroom.

Purchase price: $223,500 Cash invested: $61,825 Sale price: $285,000 We purchased a 3 bedroom 2 bathroom Single Family home and barely broke even after the remodel.

Added cheap square footage and improved features - ie. additional bedrooms, quality outside space, and upgrades throughout