I made a deal for all four properties (3 singles occupied at $700/ month and one vacant double that needs $30k of repairs) for 100k.

You need these to get a better search placement on VRBO.You need great pictues to get whats listed above.Once you start getting 5 star reviews you can start raising your prices to market rates and beyond.Make sure you get 5 start reviews by having great communication with your guests both before during and after their stay.

I am looking to leverage my equity some by selling some paId off single family homes I have and 1031 exchanging into bigger multifamily complexes.

@Marjeanne FieldsThanks for inputI have flipped 35 single family houses so I have a clear understanding as far as rehab costsI put number higher due to common areas that need updating which will cost me 60-10k so I just divided that cost by 32 and added to each unitIt’s literally next door to a great hospital and 1 min from train station in a very good areaMy gut says stay away - there isn’t currently enough cash flow to allow fixing up units.I know hat buyer wants to unload He got to big to fast and doesn’t have time to deal with this.

I only deal in single family rentals as of now but I am waiting to find the "right" multifamily to jump in on students or not.Additionally, from my experiences and horror stories I have heard I agree with Kevin on month to month rentals. 

@Nyan Reid, according to the listing this is a single family, right?

This number will be different for every single investor.

I am looking to get started with single or multi family homes and would like to grow a portfolio however I can.

I inspected a single family home a few weeks ago which had been 'pre-inspected' by another local home inspector at the behest of the realtor who had the home listed for sale.

@Anthony Wick amazing what a little communication and understanding will do.