My recommendation would be  to first contact your current lender and explain to them the situation, transparency is ideal and they are obligated to give you ample time to get things resolved.

And many calls from the yard sign looking for basic info such as price, bedrooms etc.

We've spent the past year 'force appreciating' our existing 3 bedroom/2bathroom house by completely finishing the unfinished basement.

@Steven Navarro  based on 9 other 3 bedroom units within 1 mile - they are getting on average $1400 - $1500 / month per unit - you may be able to go up a little for a brand new build - but the chances of $2400 per unit are slim to none - you can rent out a mini mansion in Clovis for less than that.

Purchase price: $45,000 Cash invested: $2,000 Owner occupied 2 bedroom home that was up for sale.

Last year i was able to buy a single family 3 bedroom 3 bath house with my brother by our parents lending us 146k cash.

With one (and later two) of the bedrooms occupied by my kid(s), the landlord-tenant dynamic will be a little different (I will be, in part, both the landlord and tenant).

Been operating an 8 bedroom rooming house for a year for a guy.

@Jasmine Moore you need to put the property under contract at a price that represents a really great deal with ample time to do feasibility and due diligence.Once you have control of the property you will need to put together a detailed project deck to present to potential partners or investors.

Hello BP, I’m a newbie landlord and have recently been renting out two of the rooms in my three bedroom condo.