It is a 2 unit, one is currently a law office and the other is a 2 bed room apartment.

We ended up buying a place with an extra bedroom we plan on renting out.I think we had to come to terms with the fact that the "traditional" ideal house hack that you hear about a lot on the podcasts, where your tenant "completely pays for your rent and then some" isn't as realistic in our market.

They're the same people that brought us the Postal Service and the Tax Deadline, so they've got some practice at paying on time.Also, with "special" properties, like properties that are especially nice or especially roomy or have an extra bedroom and bathroom, you'll find that tenants will stay longer than non section 8 tenants because . . . well, it's not hurting them much to pay, so why not stay?

Greetings BP,I'm looking for contractor recommendations to convert an existing loft into a bedroom. 

I have a colleague from my national guard unit who purchased his first 4-bed house at age 20 and rented out 3 bedrooms for enough to make his payment and cover all expenses, plus a little profit for himself while he attends college. 

Purchase price: $66,000 Cash invested: $113,000Rehabbed the interior & exterior of a 3 bedroom and 2 bathroom single family.

So I have an opportunity to convert an existing large addition(15 x18) at the back of home (away from current bedrooms) into a master suite with full bath (making it a 4/2 with an office). 

Specifically SFR's in C to B , Blue-collar neighborhoods that are more than 1000 sq. ft and 2+ bedrooms with rent under 1,700 .

Multi units prefer 2+ bedroom units, 1,000+ square feet each unit, side by side is ideal if possible, want at least electric and gas separate, any area can work for these as long as it isn't a D area, but usually B-C class works best since buying these primarily for cash flow.

In general, the rule is a bedroom must have an egress window, smoke detector and carbon monoxide detector if gas appliances are being used.