Purchase price: $662,000 Cash invested: $80,000 4 bed, 2 bath Single Family home, 2655 sq ft.

It goes deeper than that.NYC Liberal policies, including strong tenant protections, increases the risk of failure so much that the risk far outweighs the rewards.Financial ruin is just around the corner for the small Mom and Pop Property Investor that it doesn't make sense for them.The Tenants will have free Attorneys that are bent on delaying eviction cases so long that it stretches into years while Mom and Pop suffer from lack of rental income and still have to pay all the bills and do the management.Additionally, the increase in homeless living rough in the streets due to Sanctuary laws causing a lack of shelter beds, then evicting shelter residents after 30 days creating more homelessness, policies that tie up the Police's ability to arrest perpetrators, etc. only causes Mom and Pop to sell out at large discounts to larger Landlords who are capable to use Economies of Scale to eek out a profit.These larger Landlords will eventually turn a much higher profit as the pendulum will eventually swing towards the middle when the NYC Voting population eventually realizes that it's not a conspiracy of the Rich that's causing the Wealth Gap to increase.It's the same liberal laws that encourage people to become lifelong tenants, small Entrepreneurs (including Property Owners and small Mom and Pop Businesses) to be destroyed, and Rents to rise astronomically as housing becomes scarer even when the population declines by as much as 7% in the last several years. 

We manage a portfolio of 500+ units and the most common duplex you will find in the area is an up down that has 2 beds and 1 bath per unit, your looking at $600-$650 a unit for those. 

Also your questions to him probably could have been couched a little better you know bed side manner and all. 

House 1: 2000 square feet, 4 bed 2 bath.House 2: 2000 square feet 2 bed 2 bath mother inlaw suite.House 3: 2000 square feet 3 bed 2 bath mobile home on a 1.6-acre lot.Location is Royse City TX 75189I am not able to set a correct monthly rent for this property, need advice from experts.

You buy a 3 bed house and rent 2 rooms for $600 each.

So what I did is I looked at median prices of 2 bed condos between 800-1200sqft built between 1980-1990, I did this to eliminate new condos being added into the pricing pool, and look at this rollercoaster...Detached faired a LOT better, less variability in downturns, and much better return (for this chart I did not look at semi-detached, but the trend is closer to detached)

Head to the "for rent" tab, mark your general criteria (bed/bath count), and check days on market for those rental listings.

It's a 2 bed 1 bath ~900 sq/ft condo and the entire thing is painted black & dark blue right now. 

Purchase price: $662,000 Cash invested: $80,000 4 bed, 2 bath Single Family home, 2655 sq ft.