This is a C neighborhood.Building has leaking pipes in the basement, built in 1910, all 1 bed rooms, 1 bath, old style windows, no insulation, needs new roof, 3 furnaces and the list goes on.

I also just wrapped up a 5/2 this week and they painted the entire place as well as cut the trim in a different color (time consuming), drywalled a newly added 5th bedroom (to finish), and patched small holes and that job was only $1700.

I purchased my first investment property (2bd 2bth condo) last year and have been renting out a bedroom to a friend of mine.

I have a couple of two bedroom two bath residential condos in Encinitas, CA I placed in service in 1993, built in the late 1970s.The kicker is that the tenant who moved in to one of them in 1993 only moved out last year.

You typically want to see a blend of 1, 2 and 3 bedroom units, usually something like 30% 1 bedrooms, 60% 2 bedrooms and 10% 3 bedrooms.  

I see some amazing deals on travertine and I know I would have to seal it really well, but I'm concerned about durability and who often it would need resealing.Also, any recommendations on carpet for the bedrooms?

Both units have 2 bedrooms, however 2nd floor is only has 1 bedroom with a closet so not really a legal 2 bdroom.

I'm looking for a three bedroom two bath or a multifamily near a college, like William Paterson University.

I'd consider adding a 4th bedroom.

If there is a shortage of two bedroom units that is good as you will easily keep it rented.