We added an additional bedroom, and changed a half bath to a full.

Purchase price: $29,000 Cash invested: $60,000 Sale price: $170,000 Basic 3 bedroom 1 bath home that needed work, new appliances, new everything.

I am going to live in it and rent out three bedrooms. 

I'm looking for single family or multifamily houses that offer 4-5 bedrooms which can each be individually rented out to students.I'm also curious about how locals feel about paying renting for a finished basement?

My goal was to cash flow as much as possible by finding a house with the maximum amount of bedrooms.

. ($200 cash flow once I'm out)I feel like i'm over paying a little for the property but it's getting a fully renovated apartment + new roof down to the studs, and an unfinished potential 3rd bedroom in the basement of my unit that can be finished over time to eventually get more rent.Taking the emotion out of it, do you think this deal is good enough to go through with the contract given the circumstances? 

Our targeted rents are $625/month for a studio and $800/month for a 1 bedroom.

In terms of number of bedrooms, is there a "sweet spot" for nightlies that I should consider?

Additionally, shortly after moving into the home I decide to try my hand at house hacking and began to one of the bedrooms and bathrooms on Airbnb.

Goal: Buy a class A or B multifamily for my family and my extended family while trying to reduce housing costs and build equity in NJ/NY area using a VA loan.Requirements / Wish List1. 2-3 bed room unit for my own family2. 1-2 unit for my extended familiy3. an extra unit for rental income4.