First off as a local investor with extensive knowledge of the area I have no idea if you’re rent projections are right bc you didn’t say number of bed and baths.

One property is a 2 bed 2 bath house listed at $33,000 with most likely $7,000-$10,000 in rehab with a rental rate of around $500.

So here it is point blank bought a beautiful 3 bed/2.5 bath house in a remarkable development built in 2006.

I think that folks my age (milinials) will want to skip the small starter homes for their first purchase and go right to the 3 to 4 bed homes.  

Common here in Santa Cruz County CA.One is for sale by owner $550,00, officially a 1 bed home but actually has a 2 bed apartment upstairs currently renting at $2300/mth and downstairs a1 bed apartment that could rent for about $1600 (currently empty).

Purchase price: $192,500 Cash invested: $500 Awesome 2 story home, 5 bed, 3.5 bath.

. $500 in rents (1 bed 1 bath) for 16 units, needs quite a bit of cosmetics.

Purchase price: $590,000 Cash invested: $35,000 Front unit is a 2 bed 1 bathBack unit is 2 bed 1 bath What made you interested in investing in this type of deal?

They look like used motel bed comforters.Lower the rates for sure.

Both units are 2 beds and 1 bath.