We ended up buying a single family 4 bed 2 bath home on the north end of town in early may as we had been saving and i wanted to keep the ball rolling on investing and i was also trying to trust the system hoping that my manager would be able to get the other duplex unit rented as well as the single family. well here we are in late june and both are still vacant.

This lead me to convincing my wife that we needed to buy rentals ASAP, so last fall about 5 months after purchasing our primary residence we bought our first duplex in Bay City, we followed up that purchase by buying a 4 bed 2 bath single family rental last month also in bay city.  

He bade the messenger kneel by his bed, and whispered the message in his ear.

And the reason why I'm asking this is because I don't really see a way in doing this.Because the bank morgage is 300$I can at maximum charge for the other room 100-150$ I tought to maybe like add 2 beds in one room and so i can have  3 tenants , is that a good ideea? 

Back in RI when I would access a property on the county assessors office it would include the features of the house (number of bed/bath/rooms/fireplace/etc).

If the deal is a good one the number of beds is secondary-they all have their drawbacks and attributes.

NO HIGH CRIME RATES9. 3 BED / 2 BATHWhat neighborhoods do you guys thing fits my description the best?

It took two of us a couple days to paint a 900 sq ft 2 bedroom and a little bit longer for a 4 bed house. 

Heights 3 bed/ 3 bath: $3,600/month = $43,200/annual gross income-Logan Circle 1 bed/ 1 bath: $2,800/month = $33,600/ annual gross incomeTotal Cash invested: -16th St.

Purchase House at 59% LTV ARV $ 1,685,778.00 25 Beds Deposits Rent Monthly Yearly Monthly Income (25*$5000) $ 5,208.00 $ 125,000.00 $ 130,208.00 $ 1,562,496.00 Operating Expenses w/o P&I $ 70,670.80 $ 848,049.60 Cash Flow w/o P&I $ 59,537.20 $ 714,446.40 NOI $ 714,446.40 ARV $ 1,685,778.00 CAP Rate 42.38% Monthly Expenses $ 55,150.00 Property Tax $ 2,500.00 P&I $ 4,294.57 Vacancy Rate $ 13,020.80 OperatingExpenses w/ P&I $ 74,965.37 Purchase Price $ 1,000,000.00 25 x 5000= 125,000 per month $ 125,000.00 Deposit $ 5,208.00 Expenses per month $ 74,965.37 Net profit per month $ 55,242.63 20% down $ 200,000.00 3% Closing Cost $ 30,000.00 Start up + Renovation $ 621,170.00 Cash Needed $ 851,170.00 View report*This link comes directly from our calculators, based on information input by the member who posted.