Building is approximatley 2700 sq ft with each unit being approximately 700 sq ft and consisting of 2 beds & 1 bath.See pics below:

I just read rents are up double digit YOY in Phoenix.

I am looking at 2 properties, studio for 125k hoa $600 and a one bed 185k hoa $800.

Before you exhale, you need to double-check my answer, as I could be wrong.

Plus I put at least $150/m aside for repairs and misc.2 beds rent for $500/m and 2 rent for $650/m so that totals $2300/m.

I suggest you double check your loan agreement to see how long it says your MIP needs to be paid.

I'm about to close on my first property and planning to turn it into a STVR.It's a 1 bed 1 bath condo in California close to the beach so the cash flow is expected to be pretty decent.

Purchase price: $745 Cash invested: $100,000 My husband and I purchased a 4 units with 2 bed 1 bath located in Loveland.

My question is, how well does a 2 bed/2 bath do compared to a 3bed/2bath.

If they did not take that as collateral; it would be an unsecured loan and I imagine your rate will be double digits.