Purchase price: $175,000 Cash invested: $43,000 3 Bed 2.1 bath 10,000 SQFT lot Cul-de-sacCharming home completely remodeled.

I rented a 4-bed house in Royal Oak, then got 3 roommates that I charged each 30% of the rent, so they covered most of my  rent.You can do the same if you buy a house:1) More rooms the better, if renting to fellow college students.2) Can YOU live in the basement?

They recommend owners to refinance it as a normal house (4 bed 2 bath).

People do dumb stuff every day, but don't expect me to call bed-sheet-sky-diving "safe", because it ain't. 

You also have lawn and snow removal in multi's, where SFR tenant is responsible.Finally, SFRs typically garner more rent than multi's, for same bed/bath/general size.  

Hey Elizabeth - I'd factor in about $10k to get a padsplit up and running when it comes to furnishing which would include washer / dryer, additional fridge, bedding/desks, common area furnishings if you want to offer a little better experience.I'm only familiar with ATL - I think accounting for 1 move in / 1 move out per month is a good conservative assumption here.$8kish / year or so on routine and reactive maintenance combined which should include your cleanings, lawn care, maintenance calls ect. 12% per month of gross rents should be a good estimate if you want to look at it like that!

They've also enacted a bed tax specifically targeting short term rentals.

You get into bed with these big lenders and all the fine print its like the Paul Simon song there are 50 ways to default and they will find one.

If not then we go with a really clean look of fresh beds, and grass that will really pop out. 

.$20-27 - Seartapedic Pillow Top Mattress Topper - https://www.walmart.com/ip/Sertapedic-Pillow-Top-Mattress-To...We have the Black edition from Costco on the beds at our lake house.