I am planning on living in the house next year and renting out the other rooms (3 bed 2 bath).

Recently 2 new grads from out of State applied to rent my vacant 3 bed apartment.

Investment Info:Single-family residence buy & hold investment. 4 bed / 4 bath, 3500 sq ft

We are getting a sofa bed for the living room of our STR.

Thanks guys, Im more curious about 3-4 beds vs 2beds. 

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.