It appears you still have your SBF poster on the wall above your bed. 

I would recommend to all that they build a STRONG relationship with a Realtor/Broker or several Realtors, because  2.Downloaded a list of multi family owners from Listsource.com - You can get this from a Broker who can run a list of non-owner occupied properties, this features the number of beds and baths and from which you can build a mailer and network. 3.

You have saved enough cash to purchase a small 2 bed, 1 bath single-family rental that already has a tenant. 

I've been house hacking my place (I rent out a 3-bed 2-bath residence and live in a small in-law unit in the back) for just about 3 years and have been setting aside money each month for my reserve fund.

We are renting the home as a Padsplit with a total of 5 beds and 2 baths. 

Investment Info:

Single-family residence fix & flip investment in Martins Ferry.

Purchase price: $70,000

Cash invested: $20,000

Sale price: $135,000

2 Bedroom 1 Bath 900 sqft fix and flip hom...

All units are 2 bed 1 bath, single story with off street parking. 

If you think you have average intelligence and a general hard working person, for non luxury STRs (competing with 3 star or below hotels in the area for average people who simply need a bed and a kitchen) I would use 60% occupancy rate to start in the beginning and then 80% after stabilization.

It felt like a no-brainer for the value of the land, but being able to utilize a traditional mortgage because there was a clean yet simple 3 bed 2 bath house on the lot made the deal even sweeter!

It is a 1940s  2 bed/1bath that has been renovated by seller.