The Deal1 4 bedrooms 1 full bath (Upstairs)1 1 Bedroom, (In the basement)Current asking price $179,9004 Bedroom rent: $1,2301 Bedroom Rent: $540 ( Ideally Luanne and I would take the 1 bed after we are married)Newer windows, siding, furnace and central air. 4BR unit is super spacious with laundry on the main level and new carpet in bedrooms.

Seller had been in the house since 1997 so had ample equity - he just didn't have the financial or emotional ability to get the house in sale condition.

Purchase price: $149,000 Cash invested: $44,000 Sale price: $280,000 Seller had been in the house since 1997 ample equity - he didn't have the financial or emotional ability to get the house in sale condition.

3 bedroom house with 5 kids.

A home with less SqFT and bedrooms across the street sold for 535$.

I have owned and rented a 3-bedroom, 1.5-bathroom townhouse in Rock Springs, WY, for almost 15 years.  

Big four bedroom luxury cabin with view, outdoor living area, all the bells and whistles - paying about $750k total, includes everything to be turnkey.

It has the potential of a value add opportunity for a 4 bedroom 2 bath home when rehabbed and fixed up like new with relatively low rehab costs.

This house also has a bonus room which we can advertise as a 5 bedroom house for rent.Rehab estimates1.

@Jeff Cliff In most cases I would go the 2 bedroom route because of the options it gives me, but if you live on the property and know your area, and know what type of tenants rent what, it would be worth considering all of those things before making that decision.