Purchase price: $144,000 Cash invested: $8,000 I purchased a 6 Bed 3 Bath split level home in which I rent the 3 rooms upstairs to traveling professionals via Airbnb and my husband and son live downstairs.The rent collected covers PITI and Utilities.

I could find any day of the week a 5 bed MLS house for $105k that would rent for $1250 If I allowed pets

Save some for cheap furniture or rent it form place like Cort.then put rooms up as short term rentals... bonus points if you rent out beds like a hostel.dont actually do this with out consent/approval of landlord and follow local laws.

If you decide you are interested in the area I have a property at 3517 w Kentucky, 3 bed 1 bath rented for 750.

The layout of the property is as follows:- First Floor (1 unit): 3 Bed 1 Bath- Second Floor (2 units): 1 Bed 1 Bath- Third Floor (1 unit): 1 Bed 1 BathBoth of the second floor units are occupied, and they pay their electric, hot water and cooking gas.

I see this a lot with colonials that have been converted to have apartments in them, essentially 2 beds/1baths over 1 beds/1baths.

Purchase price: $27,000 Cash invested: $10,000 Single family 2 bed 1 bath, slab foundation What made you interested in investing in this type of deal?

I think if you are not picky in area you can find something with 4 beds for close to the 1% rule.

I am looking to rehab a 2 bed 1 bath house and Turn it into a 3 bed 1 bath house and rent the rooms out individually to college students (located behind a college campus).

The landscaping, shrubs, trees, and flower beds were all totally removed.