No exclusively all 1 bed - those tenants tend to be more transient, shorter term.

Currently: 1 Master bed, 1 small room w/ VERY small closet and a small bathroom (7.5'x 4'8") in this unit.OR - 1 Master bed, LARGE bathroom and small walk in closetBasically, if I were to live there I would prefer to knock the wall out between the small bathroom and small bedroom (in back of the house) and have an overall larger bathroom and walk in closet.

Purchase price: $42,000 Great Brick Ranch needs TLC; Rents for $550. 2 Bed 1 Bath; Needs A/C and small kitchen.

We would love to know how much you bought the place for, numbers of beds and baths, and some basic figures about your unit, Average daily rate, occupancy, etc.

There has been a lot of traffic and sales on homes that are around 530-550k but they are 1200 less Sqft than ours and 1-2 less bed/bath.

But to be specific it was new interior trim throughout, cabinets and concrete counters in kitchen and bakers pantry, light fixtures everywhere but bedrooms, flooring throughout entire house, interior paint, complete bathroom remodels, exterior paint, roof, some flower bed stuff out front. 

All units are currently rented out (2 bed/ 1 bath).  

Looks like you're looking at higher range homes B+ to A, at 120K+ which is totally fine, but I just wanted to scale quicker with high cash flow.2) Determine your criteria for investing: Single vs multi family, price range, rent to value ratios, age of home, how many bed/baths, etc.3) Find a provider in the market (if going TK) that you would like to work with.

Typically seller pays for buyer agent commission, so it wouldn’t come out of your pocket...That said, as a general search you could look for homes in a 1 mi radius with the same number of bed/bath and within 200 sq ft of your place.

I feel that just based on the additional bed and bath, opening the home up to more potential buyers, that the minimal cost of materials would probably be a win on the investment.