I am looking to purchase a single family home which has 2 bedrooms, kitchen, living area, bathroom on main floor.

If you buy a modular you can buy the units completed but there are lots of hidden costs such as: dumpster fees, onsite bathroom for workers, excavation, driveway, foundation, utility hookups, landscaping & sod or seeding.

Installed an A/C to bring up value and will eventually add on an additional master bathroom.

Adding a bathroom can add more value.

However, if he does not accept, I think I can rent for $1600, however I would have to convert into an apartment layout, bathroom, kitchen, etc.

I'm trying to do BRRRR on this unit by renovating the whole bathroom, kitchen and etc.. but not sure how much it would appreciate as it's a basement unit but it has 5 bed 2 bath...

The bathroom ceilings were so low that I may not even fit in the shower.

.- While MTRs can be any size property, the bedroom/bathroom count is really important, especially with larger properties.

For example, a hot water heater is ready to go versus a bathroom you want to upgrade.

We added a full bathroom in another bathroom to create 2 master suites.