It should currently appraise at or below $200K, it has 2 2 bed/1 bath units and 2 1 bed/1 bath units, current rent for the 1 bed/bath is $500 per month. 

The units do seem a bit undersized are they all one beds?

Purchase price: $104,000 Cash invested: $104,0004 Beds and 3 Bath SFH. 2587 SqFt. 1 Storey FrameGarage is converted to a rental unit with Full Bathroom.

The sellers are an older couple that don't want to deal with rentals anymore.Here are more details:Built 1932 DuplexUnit 1: 2 bed 1 bathUnit 2: 2 bed 1 bath 1 non-conforming bed (can't make it, so it stays)Units should rent for about $800 for unit 1, $850 for unit 2, but are currently vacant.Most of the updates/rehab have been done on the inside.

My four units in the area are each 2 beds and rent for $700, $900, $1,000 and my sister lives in the 4th.

Purchase price: $240,000 Cash invested: $60,000 Bought in the winter right before the market got really hot. 5 Beds total3BD = $1850 rent2BD = $1400 rent How did you find this deal and how did you negotiate it?

Purchase price: $237,500 Cash invested: $59,000 Very lucky to get this, initially I lost out to an all cash offer but after the buyer got cold feet I got it.4 Beds total, exterior looks rough but really just needs to be repainted and interior is beautiful.Unit 1 = $1500Unit 2 = $1500 How did you finance this deal?

Purchase price: $1,200 Cash invested: $5,000 1985 mobile home 2 bed 1 bath that I bought for $1,200.

Long story short the other side of the partition had been made into a bedroom (as there was a bed on the floor) /office/game room.

If single family homes in the $150K price, 3 bed/2 ba is what rehabbers are buying, then focus on that.