I see this a lot with colonials that have been converted to have apartments in them, essentially 2 beds/1baths over 1 beds/1baths.

Purchase price: $27,000 Cash invested: $10,000 Single family 2 bed 1 bath, slab foundation What made you interested in investing in this type of deal?

I think if you are not picky in area you can find something with 4 beds for close to the 1% rule.

I am looking to rehab a 2 bed 1 bath house and Turn it into a 3 bed 1 bath house and rent the rooms out individually to college students (located behind a college campus).

The landscaping, shrubs, trees, and flower beds were all totally removed.

I am looking at buying a 10 unit building consisting of 10 2 bed 1 bath units that all rent for between 550 and 625 per month close to a college campus with an asking price of 325k. so far after analyzing the deal with piti and other expenses it looks to cashflow between 2500 and 3k per month. the problem i have is i expended the majority of my working capital on my last 2 deals that i bought within the last 10 months so currently only have 15-20k to work with on this.

I'm doing it with 23 STRs and 83 beds, but I own the places free and clear. 

Most states on the North East have a moratorium on dual-licensed beds for Medicaid reimbursement and they have only be acquired through purchasing existing beds from current owners... 

We go back and forth, I offer to meet him in the middle at $1,900/month to just put it to bed and move forward *shame on me*. 

Then you may want to look at schools, how many beds and baths you need, proximity to work or school, etc.