I currently rent a 3 bedroom one bath for $1,020.00 per month.

I had a friend move in with me into one of the bedrooms and they paid $500/month.

Is there any other creative solution I'm missing?

So I'll first lay out the basics of the deal... and then pose my quandary..... that felt like an elegant sentence lol. 2 unit building near major medical/college campus'Last 5 sales on street for similar properties- 350k, 350k, 450k, 405k, 505kARV- we'll say 400kSeller Finance TermsTerm Length-5 years, with option to extend 2 more years at 2% higher, 1st yr int onlyPurchase- 235kDown Payment- 15kNeeds: 85k in rehab-mostly exterior and some cosmetic insideTenants currently pay $950(two bed 1 bath) and $740(two beds one bath)-- The owner doesn't use 3 bed rooms upstairs-- he used them for storage.

FYI, a 5 bedroom home command about $2375 a month.

I am house hacking it (renting out two of the bed rooms).

house hacking may not work for us due to need for at least 4 bedrooms.  

Sometimes, it's all about creativity and "thinking outside the box" to make a deal happen that everyone is satisfied with.

To add to the great lists above, here are my choices:Commercial Real Estate Investing for Dummies by Peter Conti & Peter HarrisCommercial Real Estate Investing: A Creative Guide to Successfully Making Money by Dolf de RoosCommercial Real Estate for Beginners: The Basics of Commercial Real Estate Investing by Peter HarrisThe Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing by Paul MooreHow to Buy and Sell Apartment Buildings by Eugene E. 

About two weeks ago I found a leak in the roof of the rental and it has caused some pretty serious damage to the wall in one of the bedrooms.