Why would he prefer a $1500/mo (150k-purchase cost) 2 BR 2 BA 1000 SF condo over a $250k 4 BR 2-3BA 2000 SF house where we rent out half and live for like $500/mo?

Partner Driven financed the W 7th Ave deal using its own capital, covering the $304,000 purchase price and $40,000 in renovation costs.

Partner Driven financed the Sandspring Dr deal using its own capital, covering the $200,000 purchase price and $30,000 in renovation costs.

Any costs directly associated with building the basement apartment, such as separate entrances, kitchen installations, and bathroom fixtures, can be directly allocated to the rental portion. 

She'd have to invest some money to create this set-up. 3) Selling doesn't make a lot of sense, because in this market, she'd end up paying the same for a small place, condo, with less flexibility. 

Partner Driven financed the Peter St deal using its own capital, covering the $25,000 purchase price and $20,000 in renovation costs.

Track your cost, increase by a % and get one customer. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

A key component to cash flow will be loan terms..you could consider trying to incorporate a seller concession towards an interest rate buy down or costs to help improve cash on cash returns.

Partner Driven financed the Jenner Cir deal using its own capital, covering the $300,000 purchase price and $20,000 to $30,000 in renovation costs.