Agreed, buyers are most often looking for the classic 3/2 although here in Florida with the snowbird factor and empty nesters/retirees there is probably a larger market to sell 2 bedroom homes than other places

I am a realtor and she is very good at interior design so we make a great team.

If you need to factor in property management costs (around 12%) for a rental, do any of you look to make up the difference somewhere else in the deal for a property?

Also, dont under estimate the value of picking out the design elements of the house.

I Received my NARPM Designation of Residential Management Professional in October of 2015, and I am the Education chair for both the Virginia Peninsula NARPM Chapter as well as the Virginia State NARPM Chapter.  

One of my criteria is to get at least $150 cash flow a month on this rental, so I'm worried/curious to see how this increased mortgage payment may/has affected cash flow (leaving out other factors I need to account on the income and expense side). 

What are the important factors I need to consider when buying a co-op?

Another factor is the rental prices aren't making sense, while still continuing to rise.

Hi @Anthony Russell...I like the creativity.I believe IRS rules limit 401K loans to $50K (total), so I assume this would be a limiting factor for you.

We just got the house refinanced also for a $260 a month difference, so now it cash flows at 300 a month after expenses.I think that as long as you factor in the property management into your assessment, you should be fine.