Real examples of deals I bought this year1200sqft 2bd/2bath (converted to 3 bed)A- neighborhoodAverage sale in are of equal home 135,000purchased for $86000Into it for $96000Rents for $1120m1800sq 3bed/3bath (converted to 4 bed)B- neighborhoodplus~1000spft 1bed/1bath (converting to 2 bed)(1) Average sale in are of equal home 140,000(2) Average sale in are of equal home 50,000purchased for $89000should be into for <$100000 when finishedWill rent for $1700 ($1100 first house, $600 second house)All I'm saying is that you may need to dig a little deeper.

Investor are going nuts for anything less than $125K for a single family home in a decent area with 3 bed, 2 bath, 1980+About a dozen phone calls day of listing and usually 3-6 offers the first day.This house would rent for about $1000 - $1100/mo.I have putting bids on these types of homes the day it's listed and I moved really fast on this one.

The house is original only 2 bed rooms, 1 bath built 1955.

I spoke to a buddy in CA the other day she has a large Victorian rents per bed to tourists HUGE return.Good LuckPaul

Run the comps on 3 bed vs 4 bed in the area and see what you find. 

Assuming regular middle of the road type finishes, you're closer to 525-550 for the studio, 650-675 for the 2 bed and 800-850 for the 3 bed.

It is a 3 bed; 2 bath 1.5 story home; approximately 1545 sq. feet.

Here's the deal:It's a 4 bed/2 bath 1800 sqft home in an mid-to-low neighborhood in Lakewood, WA  House is almost 100 years old.  

WilliamProperty 14 bed 2 bathRent: $1,000.00 Cash flow: $779.67 Taxes: $683.00Insurance: $961.002013 Maintenance: $40.00 Annual Property Management Fees: $960.00Rental Date: March 4th 2013Property 23 bed 1 bathRent: $1,000.00 Cash flow: $750.58Taxes: $1370.00Insurance: $663.002013 Maintenance: $00.00 Annual Property Management Fees: $960.00Rental Date: Estimated Rent/ House is 2 weeks from rehab being completedProperty 34 bed 2 bathRent: $1,300.00 Cash flow: $1032.42 Taxes: $1020.00Insurance: $622.002013 Maintenance: 321.00 Annual Property Management Fees: $1248.00Rental Date: August 2013Property 43 bed 2 bathRent: $1,200.00 Cash flow: $867.08 Taxes: $2005.00Insurance: $814.002013 Maintenance: $24.00 Annual Property Management Fees: $1152.00Rental Date: March 1st 2013A few other attributes about the business and town I can think of are below: The business also owns a 12 foot utility trailer and a 20 by 15 office space the business rents for $210 a month (all bills paid) with desks, laptops, and office supplies.

I only chose to stage the living area, kitchen, dining room and master bed/bath and it cost me around $1,000 for a 1600 sq ft home.