Don,I had a neighbor next to one of my rehabs that decided to walk away from their home sell me a bathroom vanity, mirror and lights for $30.

NO stove or bathroom sink.

All kitchens and bathrooms are along the back wall...from that point the plumbing is shared down the center of the building.No stairs.

FMR (fair market rent) $1000-$1200 (I will use 1k)50% rent- $500Subtract 100$ for monthly cash flow = $400 max monthly payment60K 7% 30years= $399.18/monthEstimate of INITIAL rehab:4500 furnace1500 chimney lined500 flooring (kitchen and bath)3000 bathroom repair1000 kitchen repair (cabinets repair and counter)500 interior paint300 interior wall 60,000-11,300 Total =MAO 48,700

(buy it, rehab it, add a bathroom to each bedroom)...We have been considering this for a couple of years and wondering if it would be in our best interest since the school would be 3.5 hours away from here.

New kitchen, bathrooms, real hardwood, carpet, fixtures, HVAC, a lot of plumbing and electrical, a new back deck, a new parking pad, paint inside and out, a lot of basic landscaping, and appliances included.

We added an extra bathroom to make it a 3/2 instead of 3/1.

Both bathrooms, kitchen need everything (maybe save one bathtub...).

Will it show up in the county auditor's records how many bedrooms/bathrooms it has after I converted the house?

If possible, add a bedroom, bathroom, or half-bath.