If it is then it is a valid comparison.If it is a 2 bed 2 bath condo, then make sure you look at those comps and not the hotel.

For a 4 bed you are likely looking for insurance placements for a family or temporary relocation.

Yes they require renovations at that level but with a little love I am still getting cash flow.

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Simple furnishings bought used, a single bed, and dresser. 

But I could easily make this a 3 bed, 2 bath within the existing sq ft. 

There are 3 different types of units, studio, 1 bed, 2 bed.

They recommend owners to refinance it as a normal house (4 bed 2 bath).

I just was giving a rule of thumb (framing was what I was bringing into the convo adding sf/adding bed/bath etc. without stating framing).

I generally rule out most single family homes as viable rentals, as prices are pretty high relative to rents, so aside from some downtown neighborhoods, typically you do not find large areas of single family rental neighborhoods (a median sale price on a 3 bed, 2 bath home so far this year in Dane County on MLS sales data is at $430k).