I already have a nice sized emergency fund for repairs and such, and 'm working on negotiating the price down some more so there's still wiggle room.

So I'll first lay out the basics of the deal... and then pose my quandary..... that felt like an elegant sentence lol. 2 unit building near major medical/college campus'Last 5 sales on street for similar properties- 350k, 350k, 450k, 405k, 505kARV- we'll say 400kSeller Finance TermsTerm Length-5 years, with option to extend 2 more years at 2% higher, 1st yr int onlyPurchase- 235kDown Payment- 15kNeeds: 85k in rehab-mostly exterior and some cosmetic insideTenants currently pay $950(two bed 1 bath) and $740(two beds one bath)-- The owner doesn't use 3 bed rooms upstairs-- he used them for storage.

I invest in a college town where i buy SFH and rent them to college students by room.

I am house hacking it (renting out two of the bed rooms).

Specifically looking South Minneapolis or Sunmit/Selby/Grand/Lowertown area of St.

I was looking at a house for sale that needs a lot of work writing notes about each room and repairs needed on a piece of paper.

The trailer is rent ready 3/2 no money will be needed to repair only to furnish rooms and living areaI already have a rental that i rent the rooms individually that i receive 1200 gross monthly rent with bills included but self manage. 

You can insulate floors, bathroom & bed room walls for noise but its not required.IRC - International building code for one and two family dwellings.

I found that that helped where I am- I am unable to paint lines and I assigned spots each tenant was familiar with their spot and how much room they needed and their neighbor needed.

number of rooms?