Therefore, I tend to look for rent amounts for a studio, single room, and 2 or 3 bedroom (depending on the size of the unit).Thanks!

It it is two units consisting of one unit - a 2 bedroom, 1 bath with access to a basement with a full bath and a 2 bedroom, 1 bath plus an attic that currently has two beds.  

We’ve opened up a wall between the living room and the kitchen, added an unfinished laundry room to the HLA, adjusted the layout to add a hallway and make the third bedroom official, converted the bedroom to a master suite by adding a bath, and did some extensive foundation repair What was the outcome?

My biggest Value-Add was on the inside, I took down and opened the living space and kitchen, and added a partition wall to create a 4th bedroom and a good sized office.

One is a mobile bringing in $1,600 and the other is a two bedroom apartment bringing in $1,350 (but haven’t raised the rent so could be more). 

I bet the 3 bedrooms get easily $1200 monthly all day long if not more depending on the condition and amenities. 

@Tavis MooreStarkville* area.Looking for at least a 3 bed room!

Rent-by-Room is one of my favorite strategies since you can buy a large single family house and rent it out by the bedroom vs. renting the whole unit out, you can get 1.2 to 1.5x rents by doing that strategy.

I purchased a 2 level home 4 bed 3 bath so it has 3 bed 2 bath upstairs an 1 bed 1 bath downstairs it also has a like a rec room downstairs I am thinking about putting a kitchen in the rec room an renting out the downstairs my mortgage is 2900 I paid 500,000 for the home its estimated to be worth 710,000 on redfin I'm trying to cover some of my mortgage by renting out downstairs my question is if I had that kitchen downstairs can I do a cashout refi to get my money out of the deal its going to cost me about 13000 to do it plus make a door downstairs because there isnt a entry way downstairs also I wanted to put a washer and dryer upstairs because they have one downstairs so it would be like a 1 bedroom apartment all in at about 17000 can I consider this the brrrr strategy an refi after it's done an get my money back out to reinvest in another deal?

My cheaper two bedroom units are still $1400 and up, so they need income of at least $2800 even if their voucher covers the full rent.