Some places like in and out of Knoxville, TN have great homes 3-4 bed 2-3 bath homes 2500-3500 sqft on a 2-3 acres with annual taxes below $650.00 year!

Buy a small home that has 3 beds and baths.

I spent a total of $500 to do my kitchen cabinets into bed bath cabinets.

Describe each room with LONG descriptions with tons of details like mattress type, kitchen gadgets, bedding quality, etc...Turn on smart pricing, get on multiple OTAs with a channel managerHow long is your description?

I'm in the process of renovating a residence into a ten bed RAL facility.

I had to deal with a lot more issues than I've ever had in non-S8 rentals like extensive property damage and also bed bugs, roaches, drain lines completely clogged up by grease (I learned what sewer worms are, look it up), spray paint art on walls and food on ceilings, noise complaints, police at the property, removing dead bodies, etc.  4.

He lived on the premises and acted as the cleaner, manager, tough guy- because bunk bed renters in that area tended to be some rather tough types.

Purchase price: $151,000 Cash invested: $60,000 Last year I bought my first investment property, a duplex with 2 bed/ 1 bath in each unit.

If there are no leases in place, you will have to use rental comps for the same beds/baths in other multifamily units nearby in the last 3-6 months to verify.

(based on beds and baths, not sqft).