Purchase price: $140,000 Cash invested: $11,000 Single Family Home, raised ranch with finished basement to include 4 bedrooms and 1.5 baths What made you interested in investing in this type of deal?

Madison has a very large rental population with low quality 2 and 3 bedroom apartments going for about $650-1200/month.

So far they've shattered an 8 ft picture window (it's currently boarded up). 2 storm windows, and another bedroom window.

Purchase price: $191,000 Cash invested: $50,000 4 bedroom, 1.5 bath (plus an office space).

Rental rates largely vary by location, age/condition of property, and bedroom/bathroom count.

Interestingly enough, I recently came across a new townhome with ADU (basically a bedroom with a walk-in closet, bathroom (stand alone shower) and a wet bar.

You mentioned they want a four bedroom two bath with a couple of acres of land for 200 K that’s not common unless the house is in dire need of repair and then it’s still uncommon.

Also look into section 8 vouchers for high bedroom count homes, as a 4bd gets you about $4200 in 95757.

Along with the possibility of 2 units, for example one in main bedroom, one in open livingroom area.... it's also worth considering 2-zone (or more than 2 zone) units that have one outdoor unit feeding (via copper lines under home) multiple indoor units that can be controlled independently.  

It is mostly updated, but needs some finishing touches such as new flooring in the bedrooms and probably some better landscaping.