A guy bought a fixer upper at auction in a very good area, 4 bed 2 bath 2500 sq ft .

I am in the process of formulating a strategy that can be used to leverage section 8 housing and financing to yield a return over 50% Cash on cash .For the past three years I have been renting my 3 bed 1.5 bath home to a section 8 tenant who is paying $950 per month .The acquistion and renovation costs for the property  totaled $40,000.Cost Breakdown:$40,000 property  +cost of  renovationExpenses:Taxes $650Insurance $550Repairs $500Vacancy (2.5% of total rent due to low tenant Turnover)

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!!