Great opportunities to buy single family house and rent out the bedrooms.  

How long have you been renting this property out? 

I haven't read up on house hacking yet, but I don't believe that living in the property for a year before renting it out will be an option for me.   

Also, what was the ARV and monthly rent after the rehab was completed?

You’ll be playing for appreciation and rent growth.

It’s a newly renovated 3-bedroom, 2-bathroom home, just one block from the ski slopes and four blocks from downtown.The current owner has been renting it out for $30,000 per month during the peak winter and summer seasons.

Despite the fact that the market has dropped significantly both in rent and price, I still think the market should be considered high risk/high reward.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

The city is working on getting a a ferry to NYC which should increase rent / appreciation.

Purchase price: $150,000 Cash invested: $60,000 Rented it for $2195.