I'll just say, take a close look at the property taxes, as well as the unit size/price per sq. ft. in terms of rents.

It seems the low-to-mid-range homes are better (in terms of cash flow)?

I told them I had some very interested that was coming early the next morning so they filled out everything and brought me a check for the deposit later that day.My question is, did I take the right steps in terms of paper work? 

I’m not sure how they stack up against other title agencies in terms of cost, but I’ll keep doing business with them because Paul has been great. 

This implies that if you purchased at the beginning of that window with projected $200 negative cash for that 3 years later you would be experiencing on the order of $300/month positive cash flow.The issue is that last 7 or 8 years have been outstanding in terms of market and rent appreciation. 

Wanted to throw something out there in terms of doing property analyzing.

So for many in real estate, it's a question of what's comfortable, which is often what's familiar in terms of types of properties and geographic area.

However do you know who I would need to talk to about making them permitted bedrooms, as well as if it is worth it in terms of increased taxes on the property?  

Don’t forget, not only is it just like flipping in terms of the money, it’s better in many ways.

Meeting people that are like minded in terms of real estate investing is one of my favorite things to do.