I havent purchased yet but asked for options during looking around, which I'm glad I did. 

The property must already be an investment property and you use it to purchase another investment property. 

But if you are committed to purchase, a 2/2 would prevail over a 2/1, the price difference has to be nominal and now you might attract a different user like tow couples or adult friends that don't want to share a bathroom vs a young family that the kids are okay to use the same bathroom as the parents. 

If youre clearing 10K a month, im sure they can purchase a cash car.

Figure what the most important factors are to you from purchasing an asset.

I just purchased a 2 family home in the Bronx (NY). 

Learning how to manage a house you've purchased is far more complicated.

Regarding nonrefundable deposit on lease option to purchase for a home selling for $375K.What does the nonrefundable deposit entail?

I've been searching for and working towards purchasing my first investment property for years and years, every time I found one that fit, other local investors with more experience, more readily available funds or alternative financing, and more connections were already writing offers while I was touring the property.

Rule number 2:  The Option Consideration is NOT a deposit on the purchase, it's the cost of the Option Contract, and it should NOT be given as a credit toward the purchase of the property.