The second that the ~$1400 face value of a 3 bedroom voucher is going to get you that rent rate).

It’s in pretty good shape at this point, rentable.I travel a lot for work, and a friend gave me the idea to do a short term rental as a one bedroom, locking all of my stuff in the other bedroom and office - I applied today and was denied because I don’t own both sides of my HPR, even though I have written permission from the owner of the other half….

I probably can get 1500-1800 per month rent for a 3 bedroom, 2 bath (appx 1200 square feet) and can build for 174,500.

Mine was also out of state, in a town I’d never visited, and I relied heavily on videos from my agent.This sounds like a tough first deal, but it seems like you have some capital on the side, which will be useful as you face the upcoming challenges and learn from those expensive early mistakes.Regarding the subject of this post, “help me adjust my expectations,” I’d recommend assuming that; repairs will cost twice as much as you estimate, maintenance and vacancy rates will likely double from your initial projections, there’s a very real chance you may lose money on this deal.That said, there are ways to mitigate these risks by:- Keep asking questions here on BP and connecting with local experts- Stay proactive and communicative with your agent and property manager.And remember “Inspect what you expect.”Im not trying to discourage you but to help reset your expectations.

Their main sales pitch is that they will teach you how to make more money by charging your investors double the industry average acquisition fee.  

It was on a 1 bedroom condo in Boston.

We decided to do a full rehab to get nearly double the rent ($2900)and increase the ARV to $260k.  

Both houses have detached garages and I have been considering turning the garages into 1 bedroom units. 

Would a property with 4 bed or 5 bedroom would have a better cash flow ? 

I've named my book of mistakes HOA-M (H.E. double hockey sticks Of A lot Mistakes).