I live in the master bedroom and I rent out the other two rooms.

If people like the house hacking idea I usually suggest buying a SFH and renting out the bedrooms or adding more density to the lot a home is on (like garage ADU conversion).

I converted the office in to a bedroom with closet.

Updated plumbing and electric, new interior AC unit, new flooring, full kitchen remodel, full bath remodels, repurposed square footage to add 2 bedrooms, cut out a bunch of overgrown trees and shrubs, fixed sprinkler system, added a functioning utility room, updated all fans and lights.

Upgrade lighting if there's any dimly lit areas, install ceiling fans in all bedrooms, replace toilet if its old, new locks on all exterior doors keyed alike, new numbers on mailbox if the other ones are ratty, make sure everything works, no faucets drip, smoke alarms all working and in all the places they're supposed to be.

I was able to force equity into the deal by increasing the square footage more than 2X, adding bedrooms, and upgrading all of the interior features.

Is a single family home 3 bedrooms 1 bath.

Purchase price: $235,000 Cash invested: $47,000 A large single family home converted to five bedrooms.

I would say around 3-4% for a one bedroom apartment. 

Duplex has a 2 bedroom 1bath side and a 1 bedroom 1 bath side. pricing is about $100 to $200 less than similar units located close buy.