The properties are well located in Denver with value add potential and all rents are currently well below market. 

I am going to be moving in the spring and will begin renting out my current place of residence at that time.

There are approximately 28 Multi-family duplexes active on the MLS ranging in prices as low as $50,000-$219,000 with a median rent of about $929.

@Jay ChungI would have a handyman frame out a simple wall, 2x4s, and drywall.Years back, we did something similar in a garage we rented out.

We have two rentals rent by room and a househack duplex.

I won’t be touching the cash flow for many years, just looking for rent stability and some growth.Any thoughts or advice?

* What is your average rent amount for all properties managed?

Brandon Turner's Rental Property Investing book is an excellent primer to understanding the happy path for purchasing a property - however in this market it really comes down to having bulletproof assumptions on rents/taxes/R&M/etc. as with rates as high as they are/inventory as low as it is, there is less cushion in your returns if you analyze properties with bad assumptions.

He isn't a motivated seller.If it will rent for $1900  a month, that means to make money you have to have a payment that includes, principal, interest, prop taxes, insurance, at less than $1400 a month. $190,000 at 3% interest is P&I $801 + prop tax plus insurance a month.

And the elected officials and tenants wonder why rent keeps going up so much.I have been having to put in a lot of fire systems in properties we manage.