Hopefully this will allow it to appreciate more than a "townhome"The way I calculated the rent was with a  comparative market analysis so similar townhomes on the same street built last year with like 50 square foot more were leased for 1500.

A 3-5% increase in that price range is around $25-$50 a month give or take.  

I generally rent them to tenants for $50 if we have them. $200 is way off market.

I see houses in the area recently sold for anywhere between 50-120k but none of them I see are mixed use buildings .

my rule, others may say otherwise but I'm not in the volume game, real estate is my current Business, and I prefer quality over quantity.....just fits my style best.

I am looking for a creative solution to get around the 2 year freelancing income rule.

I like to go one step further when I mail to an LLC & go to the state corporation site and look up the owner's name and address and mail directly to them so that it's more personal.my rule of thumb when mailing to anyone not titled personally is to limit the mail to those properties that I have a real interest in and not a blanket mailer.

You can usually ballpark a starting point for your offer by assuming 50% expenses as long as you have a rent roll, and then re-negotiate as you move through your negotiations and discover more about the property's physical condition and financial performance. 

The owner is renovating the kitchens this summer, and expects to raise rents by $50 a student per semester.

I think we see a lot more move that way from IL if they can get transit time down to 45-50 minutes from areas like St.