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

These are all going to be 2 bed 1 bath a little less than 700 sq ft. 

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). 

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).

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.  

Originally posted by @Michele Davidson:@Alex YeaterWe are selling our bed and breakfast business complete and turn key with wedding items.

They are either landlocked or the road leading to it and often than land itself sits inside a dry creek bed known as an arroyo that floods whenever it rains upstream.

Small college town, 10k-30k people, anywhere from 80k-160k will get you a nice 3 bed 1 bath house.

This is a 2500 sq foot 3 bed 2 bath both sides.

For example, instead of 1 rent $2000 for a 3 bed 2 bath.