I would rent it by the room to maximize rents. after all expenses are accounted for, it would most likely cash flow around $500/month....perhaps as high as $750 Duplex #2 This duplex is  2,500 square feet with a total of 6 bedrooms and 4 bathrooms.

@Shannon Sadik There is a product that we use, it is called Kilz, we use them even for fire damaged room, factor those out and the painting expense and embed them in your contract.

If  I was trying to sell a house....Furniture site: that new piece would look much better in your new homeComic book site: You could have an extra game room to geek out for less than you are paying nowDating site: chicks dig guys with big....... investmentsGamer site: Your current POV - Walking through the front door of YOUR new house.

There is a lot of room to be creative staying close to usual, customary and accepted practice, begin there!

Either the agent "bought the listing" by promising some ridicules price, or a stubborn owner who put a couple grand in upgrades and expects to get double that back plus labor.Bottom line, if the house was burned to the ground, infested, with 2 liens, but was worth $800,000 and would only take half of that to make all the problems go away... and the asking price was $1000..... it would be sold by nightfall. 

I think it should rent for $1200 but went with $1150 because section 8 fair market rent for two rooms in Burlington county is $1156.

In my experience it is the elephant in the room no one discusses when figuring contract bids and it just gets done.Good luck from Hamlin

Hi Dustin, my friend has an extra room in Logan Square.

Now to find someplace else to spend that cash...maybe on a deep fryer or three...Some before pics posted below.Don't have a great pic of the exterior yet; this one was creatively cropped by the seller to avoid the tarp covering a large portion of the roof..Room where the majority of the smoking was done, apparently:So that's the original carpet color...

Very common in electrical and mechanical rooms.