Would I add up all bedrooms(5) and bathrooms(3) and look at a single family home that's the same size?

Do you know what size site you want?

What I hear you saying is in real estate, there is no such thing as one size fits all.

I'm wondering if maybe you may want to use the 20% you will have up front toward the investment, or at least a portion of it.

@Adrian Chu I have a size able amount to put down for a down payment and rehab cost and my credit score comes back at a 730 my only problem is with my income.

Rentcafe.com states the average rent charged for a house this size is $840 a month.

@John PelaezAshish hit it on the nailThe answer in tax is that it depends especially since you didn't provide detail on the "property"If the property was a personal residence - you may be able to exclude a portion of the gain if you lived there for 2 out of the last 5 yearsIf the property was a flip - the gain is ordinary and not eligible to be deferred.If the property was a rental property - the capital gains rate will be 0%, 15% or 20% depending on what tax bracket you fall into and if you held it for more than 1 year.You would have needed to contact a 1031 intermediary BEFORE the sale to potentially defer the gain.

But to do a project of this size I think you should have a lot more knowledge first.

Both of these solutions would still have a solid-sized living room.

I like the portion about the property manager and how they take care of everything.