And the first property was a house hack where I rented out bedrooms to cover mortgage, while living there for basically free. 

International students pay $3200 for a 5 bedroom house 2 houses from me and a 4 bedroom on my sale street also $3200.

A two-story, eight-unit apartment building with four units on each floor, each offering two bedrooms and one bath.

In 2020 I bought my first house 3 bedroom 1 bathroom and a 2 car detached garage for $175,000 and put a 10k downpayment on it and interest rate was 3.5%, in 2023 I decided to rent it out for $1350 mortage was $1106.62, in 2024 we raised the rent to $1450 and our mortage currently is $1144.76- I never put into account repair expenses, Capex, vacency until I read on rental investment properies book.

Cold called this property owner who wants $150K for this 2 bedroom, 1 bathroom 928 square foot home. 

I know the typical value add on a SFH is to fix up kitchens and bathrooms, and forced appreciation with ADU’s or new bathrooms and bedrooms, but how can you do this in a MFH?

It’s smaller, a 2 bedroom 2.5 bath so doesn’t command as much per night.

updated 2 units, added bedrooms and completely built out a shell of a 2 family adding two more units.

The first floor features a two-bedroom apartment complete with a living room and a bathroom.

PadSplit is a way to drastically change the cash flow of a property, even if you do not modify the home with additional bedrooms.