Kitchen is a little outdated, same with bathroom, but it commands a rent of $950.Unit 2: Ground floor 1 bed/1 bath apartment.

In my opinion $1.575M commands a professional photographer. 

Other STNL types with newly minted leases might command 5 to 6 caps.Example an Oreilly's auto parts with  along term lease might have a lender agree to a DSCR of 1.15 so if you bought at a 5.8 cap you might still get in with about 450k down on a 1,400,000 property.

When determining a neighborhood, don't forget to factor in the rents you can command and what type of tenant(s) you want to attract to your property.

With a normal W-2 job, unless I command a good salary, wouldn't I still have issues with getting a loan? 

Also I’m Just not sure if 2 bed is more desirable and can command as great or greater than a one bed with living room areaAny thoughts ?

Hello BP community, so I have been lurking for a few weeks at all the posting and advice on the forums and have finally convinced myself that in order to maximize earning potential on a property I have been holding for a few years now I will have to convert it into a multiplex. the details are as follows:currently, owe 120K @ 4.7% 6300 sf ranch style SFR, it is built on two residential lots (room to add a duplex adjacent to this property)currently brings in $1650 for rent, have rented out as high as $2000 (the Eagle Ford shale was booming a couple years ago)have been slowly upgrading and improving (new roof, new laminate flooring, some lighting fixtures, new paint)needs to be updated this was built in 1990, windows are old, some of the siding looks weathered and the worst part is the bathrooms are dated (everything is functional)I have looked at housing rents and most 2/1 or 2/2  usually command $900-$1300Appartments are a little bit cheapper $700-$1100I had trouble using the rental estimator calculator, then tried the BRRRR, I linked the report estimating the following:https://www.biggerpockets.com/calculators/shared/1083149/4f695ede-d602-47bf-a183-b0d69ff0cf64Upgrading showers adding new back porch deck (for access to upper units)converting where two new upstairs rental units would have a kitchen, 2 baths, and 2 bedrooms (comparable to an apartment) about 800 sf ($ 1200 per unit)lower dwelling 3000 sf could be split as well or rent out @ 1500 (would update and add one more full bath) making it 3/2 and 1/2 very large dwellingAll bills paid (water, sewer, power, lawn maint) about 1K per monthPlease review and point out flaws, mistakes were made but so far all on paper and in process of cash out refi, to pay for this conversion. so far budgeted $65K. advice appreciated. more details as required

I think once you get much over 2,000-2,500 in Dallas you are pushing the envelope, because you get into territory where its cheaper to buy a large house.I mean, yes there would be mansions, or super trendy areas that might command a higher price. 

Cincy rents have a lot of room to increase compared to similar metros and we're starting to see people put out a better product (e.g. updating those ugly pink or green bathroom tiles) and commanding higher rents.  

They are still good/solid areas than command top dollar rents (assuming the property attracts top dollar tenants).