Both larger 5 bed houses near BSU. 

Purchase price: $42,000 Cash invested: $15,000 Single family detached 2 bed/1.5 bath.

I would mention here that a typical condo or single family does not qualify for the Act 60 TOURISM tax credit (which gives you up to 40% back)  - the project needs to meet certain qualifications as a guest house, hotel, villas or bed & breakfast - it can be as little as 3 rooms.  

If you are doing 4 beds and 4 baths, they may be fine. 

So far this year from MLS data, in Dane County, the median 3 bed, 2 bath home sold for $440k and $429,950, so with our high taxes (around 2% of the purchase price), you may decide to focus on multi-family property for help with income/cash flow. 

The owner never bothered since they were only there during the times of the year when they felt it wasn't needed. 2) There is no washer and dryer, 3) the home is a 2 bed 2 bath plus a basement, which the basement needs some paint on the walls and new carpet, but not much.

The Investment I’m looking at is a  3 bed 1 bath and has a really nice already running Airbnb 1bed/1bath guest suite that generates an average of $1500/Month.

Got a 2 bed 1 bath property in California that has a AC unit in the living room and a wall heater (older home).

Unfortunately, or fortunately, small multifamily are valued usually on the comps What is a typical duplex in the area with same # beds, amenities, etc. going for.

Within our market the single family home has been evaluated at around 189k at 1554 living Sq with a 4 bed 2 baths and sits on half an acre.