I'm thinking 1.3k/month for a studio - would you say that that's high enough generally?

This company also emails wave (audio) files to your email account which is VERY convenient.  

Studio apartment downtown sure, I see lots of reasons to want to live in one; but 'tiny/mobile home' 200sq/ft outside the city... not so desirable. 

Appreciate many factors to consider.It also appears that that the is shortage of studios T1s and T2s and one bedroom homes in SY so could be interesting aiming at this sector.Great to hear advice on what makes an area and attractive proposition.St yrieix stats Limoges stats

As a rule of thumb, a duplex will rent for about $50 less than the exact same size/features SFH.I would think you should be able to get at least $700 per side without much push back.I have a 3 unit in Plainfield [similar to your area] that I get $500 for each of the 1 BR Studio units [450 sq. ft].Of course, the flip side of raising the rents is higher turn over which equals less profits as well.  

Location: 619 W Howard St, Muncie, INOriginally listed for $50,000, offer accepted by bank for $20,000 (cash)8 Units (2 2BD/1BA, 5 1BD/1BA, 1 Studio)4470sqft on a 7772sqft lot.Taxes $1646 per year.Assessed at $82,300, but appraises for $150,000.All units individually metered and legal.Built 1906, looks like it was renovated some time in the 80s.Abandoned by original owner since 2012 for reasons unknown.HVAC units intact.  

The units are small one bedrooms and studios, but the building is old and often the improvements are fairly extensive: New drywall, flooring, ceiling.

We plan on renting a small studio for ourselves to keep most of our belongings there and attempt to rent it out 2-3 times a month.

The rents cover all my expenses while we live there and an additional $400 a month.My plan is to buy another similar property after I've been here for a year (August 28th 2020) and do so every year until my passive income affords me to stop working for someone else.With my job I spend a lot of time in the car and listen to tons of audio books (Rich Dad Poor Dad got me started) and am working my way up the BP podcasts now.Would love to connect with more local investors who has the same goals as me or has exceeded my current goals!

There's a decent chance that we may do an audio recording of our sessions, but at the moment, I make no promises.I'm sorry you can't make it, Charles Williams . . . keep your eyes peeled.