Agreed, buyers are most often looking for the classic 3/2 although here in Florida with the snowbird factor and empty nesters/retirees there is probably a larger market to sell 2 bedroom homes than other places

Probably original hardwood floors, beautiful classic design.

Most housing that cheap is going to need substantial work and is excluded from classic lending products.

@James WiseundefinedThat is a classic! 

I've hit the classic 'door barrier' (I'm at 6 buildings and 18 doors plus a principle residence by a combination of bank mortgages and LOC funding.

That's a classic start up strategy whether stocks or real estate. 

The most "classic" and affordable are single family homes but some investors prefer the "2-for-1" duplex option for first time investing.If (1) You're able to move, and (2) you want to be creative with your financing, I purchased a duplex (my first investment property) and did 5% down FHA loan.

I'm your classic newbie who has big dreams and is scared to death about those first few steps.

I am finding the classic 65% or 70% ARV formula is not working .  

its a classic sub too rip the rents scenario.. and why I personally think Sub too is extremely dangerous for the average seller.. there are NO assumptions any more.. banks dont' do that.your person who is on the loan has now got her credit trashed because of this.. they don't own the home its a nightmare situation.. of the first order.you would have to find the sleaze ball who bought the deal and get them to deed it to you..