The rent nearby is $600-$650 a unit for 2-bed/1-bath.

Currently, I have an offer in on three residential buildings in a nearby town: 2 duplexes and a single family.

If you are nearby I would love to meet with you and discuss what you have learned about OH.Thanks!

the Underwriter will ask this question to make sure you're not accumulating investment properties through initial OO interest rates. 3) Lastly, if the property is within the same neighborhood or nearby your current residence, you will asked by the Underwriter to justify that the additional purchase is the same area is not an investment property, this one is easy, just make sure you're either buying a larger property and say your family is growing, or if you're buying a smaller property than what you currently live in just say you're downsizing to a smaller home and they'll be satisfied with either answer.

Additionally, consider the availability of public transportation nearby.

Plenty of great Universities nearby to attract talent from.

Check out the nearby members and network at https://www.biggerpockets.com/meet, it will help you a lot to find partners that can help you out in investing.

I would also add that you should look at what the market (nearby competitors) is doing so that you know not to under/over improve. 

@Alyssa CorrethersCheck out the nearby members and network at https://www.biggerpockets.com/meet, it will help you a lot to find partners that can help you out in investing.

If they have the same layout and kept the small bedroom/bathroom, you probably should not dump a bunch of extra money into changing the layout.If you make it a 2-bedroom home, it'll be appraised as such (regardless of how your township views it), and you could end up not getting a lot (or any) money out of this when you refinance.What do the nearby rental ads look like?