I bought my first house with a 203K loan but never rented out my second bedroom but looking back I would have done that in a heartbeat.  

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

One of the Bedroom windows is slightly damaged, so I think a spray and slight repair will be enough.

Fellow BPs,I need help analyzing my 1st deal.Multifamily 4 Units (1 bedroom - 2 and 2 bedrooms - 2) located in a small income city:Listing Price: $100,000.00Down Payment: 20.00% (assuming)Annual Interest Rate: 4.00%Gross Monthly Operating Income: $1,880.00Total Monthly Operating Expenses: $1,469.93Monthly Mortgage Payment (PI): $381.93Acquisition Costs and Loan Fees: $2,000.00Cash on Cash Return (ROI): 22.37%??

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.