Two are 3 bed 2 bath, and one is 4 bed 2.5 bath.

I am looking at a 4 bed 2.5 bath property in Pfugerville, TX that I am planning to rent out as a co-living space (rent by the room on Padsplit).

Or find a property that is under-utilized or has below market rents.Otherwise, you could also do the OPPOSITE of the great advice from @Jonathan Greene and buy a property with multi-bed units or live in the larger unit and rent out the smaller unit - while getting a roommate(s).

The gray home to the left is on the market for $550k, to put things in perspective (it’s a 4 bed / 3 bath, 2000 sq/ft, with modest finishes).North NashvilleThis place was a little bit of a disaster zone, which is why I love it 🤠.

Purchase price: $975,000 Cash invested: $195,000 3 bed 2 bath with 1 bed 1 bath adu on 1.5 acres

I had a realtor ask if I had any other 2/3 bedrooms so happy to connect you with them if you have a 2/3 bed?

The demographics and map data don't take the students into account, but they're really what's driving the market.Low property values and ever-increasing student rents are a recipe for a market when you can pick up a duplex in decent condition for $150k, and rent it for $500/bed (that's an EGI of $36,000 annually for a 3/3 duplex).

You also had at least 3 blinds to replace at the 3 bed place.Again some of the stuff from the second place should have been billed to the tenant (ie reattach thermostat, missing blinds, etc).If you want to have the ability to do the repairs yourself, then talk to your PM; but you need to do them quickly to make sure the place can be ready for the next tenant.

My buy box is 3 bed 2 bath in the Midwest at around $200k.

If you can reasonably throw up a new wall and closet, turning a 3 bed into a 4 bed, that is a great place to start, but only if it works for the property and you have at least 2 full bathrooms.