The listing says there's an unpermitted 2 bed 1 bath garage conversion, so I'd be extra careful about making certain it's vacant before closing.

It will be a 2-3 bed 2-3 bath condo.

The demographic is higher-income, and there is a robust increase in building permits for multi-family structures, suggesting a readiness for upscale, possibly expansive living spaces that could attract premium prices.Specific Focus: Scottholm area offers lucrative opportunities with 4+ bed houses selling for $300K+ in the past 6 months.13206: Emerging Market for AffordabilityTarget more affordable, multi-unit or single-family homes.

Unless you're renting to people who cram dozens of people into every corner and share beds, etc....I would go high class and do (2) 10 x 12's, that's only 240 SF and leaves you 300 SF for living/kitchen....do a Jack n jill bathroom between the bedrooms...

Rents for single family home, 3 bed 1.5 bath in this area run around 1,00-1,400/month.

Asking 115k, it is a small house zoned as a 1-bed but looks like they’ve added at least 1 bedroom.

Scenario 1: I purchase a three-bed, single-story, single-family dwelling for $200,000 to $300,000, have it financed so the mortgage would be around $1,700 to $2,400 (making up numbers here), and rent it around $2,800 to $3,000 per month.

buy in a short term rental approved condo building in the urban core, pretty low risk. properties are appreciating at record levels, keep the price under 500k. buy a studio or 1 bed. we are doing this style development and it accounts for over 60% of condo development in miami dade. 

Ohio seems landlord friendly, reasonably stable blue-collar economy (I currently own rentals in WY and I'm looking for a new location that also targets 1 bed / 1 bath multifamilies).

The hotel must have at least the same number of beds as there are beds used in the tenant's dwelling.