We represented a seller whose student tenants had 6 beds in a small 2 bedroom house (they were quite creative).It seems that students are struggling to find housing no matter what is happening with the economy.

That sounds pretty high for a 2 bedroom.

They are very informative, and contain ample information. https://www.biggerpockets.com/blogs/

They are very informative, and contain ample information. https://www.biggerpockets.com/blogs/

24 unit 3 buildings 8 one bedroom units each Appleton Wisconsin asking price $987,900Total rent income $142,718Yearly advertisement $500Yearly tax $18,431Yearly insurance $6750Utilities yearly $18,409Annual grass and snow removal $666Annual supplies in repairs $1725Total expenses $46,427NOI of $96,291Giving this a property Rate of 9.75%

I am haopy with the deal but would like to see what others think as far as risk return.The unit is a 2 bedroom 1 bath, 900 sq ft, 450 sq ft storage space, balcony, in unit washer dryer, outdoor parking, brand new paint and carpet, with appliances that are far from new but good condition.I analyzed the deal using the rental rates others are getting in the complex and subtracting all of the known expenses.

A fourth bedroom/home office was built in the basement along a powder room, a pool table area with pool table and a den.

That's cheaper than renting a 3 bedroom house in Orange.

I've had the best luck adding bedrooms and baths if possible, and doing kitchens more trendy and cheap.

Then add paint inside and out, new kitchen, updated bathrooms, new carpets in bedrooms, new light fixtures, updated sockets and you´re probably looking at a budget of $8000-$9000 in cosmetic updates, $6000-$7000 for a properly permitted roof and $3000 for a new HVAC system.