As @Bill Gulley, mentioned we have posed a rent back situation as a resolution, but have not heard back yet.Bullet Points:2,100 Sq Ft.  4 bed/ 2 bathPurchase Price: $104,000As-Is Value: $155,000 -property appraised at $161,000 in 2014, market has gone up, but like be conservative with the numbers.ARV: $195,000 Repairs: $28,000Rent: $ 1450-1500/monthSince we are primarily Buy and Hold investors, that was the objective here.

The landlord is 80 years old, regards my family as low-maintenance long-term tenants, and wants to retain control of the separate 2 bed/2 bath basement space with separate entrance.  

finally closed on a house after many obstacles and years of searching. its a 3 bed 1.5 bathroom ranch. paid 145k appraised at 147 by the bank. it should rent out for 15-1600. if i can im going to try and knock a wall down to make it a 3 bed 2 bath. theres a school behind it , anothr school down the street and golf course about 2 miles away. 

and what is the unit mix, 1 beds, 2 beds. 

I am interested in acquiring my first property, but it has some variables that are not ideal:1 BR/1 Bath and not expandable, needs full kitchen refurb, new roof, minor interior work (paint and floor covering)My main concern is the 1 Bed aspect as that puts me in a small niche of buyers.

I own a newly renovated 2 bed 2 ba home in the Conley Hills neighborhood of East Point, GA (10 min south of downtown Atlanta).

hi all,Considering purchasing a house that's a 2/1 and making it a 3/2 with a master bed/bath in the basement.

My first home was a 5 bed and rented rooms to my friends and paid for my mortgage and pocketed a good amount each month, but I had to live with them!!  

You also have to start with a bed of pea gravel or squeege that's packed down and properly sloped. 

Support your ARV- get good comps that are presented in an easy to see manner i.e. show a map with your subject property and the comps on it- then show the details beds/baths/sqft/yrbuild/etc & price per square foot.