I bought a 1 bed room condo all cash for 200k now I am needing a 2 bedroom having a baby on the way and not sure if I should sell the condo or rent it out.

Thank you all for your feedback and grand welcoming.  

Ideally looking for something where I can rent a room or other half of a duplex for income or house hacking.

Make sure that the big numbers make sense and that you have a little room for error and just buy the darn place.

Hey, I might be buying my first turnkey rental property in the SWAN area in Grand Rapids.

I see a lot of room for growth over there.

Cost of room and board for on campus living.  

What if they got delinquent and did a loan mod where twenty grand in delinquent interest was capitalized?

Needed everything else, had to reframe couple of rooms floor systems and did a lot of exterior yard work such as grading and clearing.South single family: purchase $19k, rehab $37k (projected) we just started work on this but have a conservative budget.

Here is the numbers.Rooms: 6 bedrooms 2 bathroomsTenants:3 tenantsUnoccupied rooms: None Rent for tenants: 2825$/month = 941$ each Average yearly Income: 34, 200Property Listed Price: @$299,000 Offered Price: $290,000EXPENSESTaxes: $1722 per year = 200Insurance: 200 City water 150Lawn 160$ Estimate for Vacancies: 5% 142.5 Its actually 5.2% Repair: 7% 170Property Management (10%) 285-> She told me she can have a friend watch and care for the property for meMortgage: 5% down(14,500) at 2.3% for 1206(adjusted)Expenses total: 2228.52$/monthCash flow= 596.48 NOI: 7157.76ROI = NOIx12/14,500 = 49%Okay guys so Looks like my Cash flow and ROI is GREAT.