Thank you for responding, i have my house, but with everything getting so expensive taxes and insurance among other things i would like to ad an addition like a studio.

And you could probably still rent it out for $1500-$1800 a month.When we lived in Burbank, California, we rented out our 300 square-foot studio guest house for $1500 a month.

I purchased an SFR in Sacramento, it's currently a studio over a 3 car garage.  

There is also a building that was previously used as a recording studio with a half bath (that isn’t currently functional).It needs some work.

Property 1: 4/3 LTRCurrent Value: $475kPurchase Price: $363kDown payment: $40k (30 year conventional)Interest Rate: 2.75%Remaining Balance: $294kMortgage payment: $2369AVG revenue: $2775Property 2: Duplex - 3/2 House Airbnb & Detached studio apt 12mo leaseCurrent Value: hopefully within $575k-$600kPurchase Price: $591k (appraised at $599k)Down payment: $30k (30 year FHA)Interest Rate: 6.125%Remaining Balance: $552kMortgage payment: $5041 (including $362 PIM)AVG monthly utilities: $385 (full year avg)AVG monthly revenue: $5261 (full year avg airbnb + $1650/month from apt)

Hi Travis, my units are at market rents except for 1 2b1b and 1 studio where tenants have been there for years.

The previous owners had built a studio apartment that wasn't legal living space.

I have been listening to various audio books on investing for the past week (6-7hrs) a day.

For example, if the landlord has a small studio apartment, is that a valid reason to refuse to rent to couples without being accused of discriminatory?

Some of the towns & cities where our investors do well: Wallingford, Milford, Cheshire, Middletown, Cromwell, North Haven, Woodbridge, Orange, Shelton, Watertown, Newtown, Branford, Bethel, and Guilford to name just a few.For 2 bedroom rentals: Good school systems may be an issue for some, especially for single parents but also proximity to employment comes into play as well so it adds places like parts of Hamden, New Haven, West Haven,  Bristol, East Haven, Stratford, Northford, GlastonburyFor apartments - studio & 1's: All of above plus Derby, Ansonia, SeymourWe don't go past Glastonbury as a rule so I can't comment on Hartford and north.