If I was single I would rent out my extra bedroom for another 650... unfortunately I am not lol 

When we bought we inherited a lease for the 2 bedroom, 1 bath with ample storage and an enclosed back porch.

Additional Information: Looking for single family houses and condos within the city of Philadelphia.

My husband Corey and I currently own a condo, a historic church and a single family home, all of which we rehabbed and I now Airbnb.

When investing in condos, its all about the HOA :) I have been practicing real estate and investing in Chicago for many years now and in this market, I much prefer the 3-6 unit market v. condos personally but when I analyze condos, here is what I am looking at,  #1.

His purchase price would $309,900.Both units are two bedrooms and one bath and rent for about 1100 - 1200 a month. 

If you can only add 1 bathroom or 1 bedroom to a 2BR 1BA SFR for a buy and hold strategy, which would you choose?

Yes.More useful living space is typically considered more valuable.However, if you convert an area into a 'bedroom' - if the sqft doesn't work for a bedroom, or the conversion isn't to code, or it just looks 'weird' that may actually detract from the value instead of increasing it.

@Anna Smith - I invested in Panama City Beach, Fl. last year and went to work for the company I hired to manage my condo, Vacasa. 

The legacy lease provides internet, which we have provided and which works in the common areas of her unit, and which also works in two remote bedrooms (albeit not at lightning speeds) via a Wi-Fi extender that we provided as a courtesy.My business partner has tested the Wi-Fi in her bedroom three times, and has been able to connect and load webpages.