If I buy a quadplex using an FHA loan, get mail there, spend most of my free time there (will be fixing it up after all), and have a bed/food/Netflix there, does this meet the expectations? 

We are getting ready to relocate and for the first time, rather than looking at the 4 bed/3 bath, with game room/loft and huge yard with pool in amazing neighborhoods we are looking at smaller houses in quiet neighborhoods that we can potentially rent out in a year or two.

Under our name.  83 beds.

For that price, generally there are only relatively smaller beach condos (2 Bed 1 Bath maybe 2 Bath) a lot of which aren't necessarily beach front but are right across the street, all of which I'm perfectly okay with as long as I know the potential is there for good enough cashflow to get started investing.

@Chris SeveneyProperty is a one bed/one bath in St John.

The photos started to come in as I sat up in bed at 8 am.

I have multiple buildings in Cicero, right outside of Chicago, where we have bed bugs.

It is largely dependent on a number of things like investor experience level, amount of capital the investor has access to, local market conditions, what the competition has for sale, etc.Back to generally speaking, it is fact that going from a 2 bed to a 3 bed home can dramatically increase value, same goes for going from 1 bath to 2.

If you want to spend all your time making every guest happy, maybe run a true bed and breakfast and make it worth your time, or really love it and don’t worry about the financial return.

It is a 3 bed, 1.5 bath and I plan on renting it out after I move.