Looking to rent out SFRs or condos.

Option 2: get a house with an in-law suite. 5 Bedroom 3 bath. 20k down, PITI would be $1200 get roommates for the upper level to live with me $350-400/month (goal would be 3-4 roommates).

I closed on my 2 bedroom SHR last week.  

The renter has a 2.5 bedroom, 1 3/4 bath, updated kitchen and bathroom when I purchased the home.

SFR, 3/2 + "extra room that can be used as a bedroom" 1300 sqfPurchase: 56KRehab: 4kARV: 70kRent: $800 (according to PM, but I think it might be closer to $750)Vacancy - 8%Repair - 8%Capex - 8%PM - 10%P&I - $270Insurance - $50Tax - $90Cashflow - $120 ($100 if using $750/mo)Deal or No Deal?

Many of the places we saw were what we associated with typical student rentals - old houses in fair to poor condition, with students sandwiched into small rooms and ancient common areas in serious need of updates.After much searching, we came upon a nice 5 bedroom brick home about the same 10 minute walk from our daughter's main classroom building as her freshman dorm. 

He buys for low money like 10k-30k single family units that are 3 bedroom, he makes sure they are up to section 8 codes then finds people to rent them through section 8.

It’s a 2 bedroom 1 bath she pays $600.00 plus electric.

You can find condos and such in E Tenn (Gatlinburg/Pigeon Forge) as well.

We are now considering a 4th story addition (2 studios) and conversion of the 2 bedroom unit into 2 separate studios.