The demand for rent in my general area is steadily growing and $1,000/month minimum is standard whether its a studio apartment or a 1/1 with a carport.

Depending on your area of interest there are some great books by J Scott and Brandon Turner that can be purchased on BP or Amazon as a supplement to reading in the forums.

We bought a recently-rehabbed building, all studios.

Whenever I move I plan on renovating the basement to a legal studio,the upstairs is a three bedroom and between both of the units I should cash flow close to 1k a month.

Get some odor bombs at Amazon or HD Supply - these are the best Fire D After Fire Odor Control Aerosol 5 Ounce Set at least 5 of the odor bombs off once you are done airing the place out.

Last month I bought the 'Complete Real-Estate Investing Guidebook' off Amazon and would definately recommend it for others new to the game such as myself.

Tenant pays own electricity and heat.Unit 5 $305 includes electricity (all electric unit)This unit is what we call a studio apartment, it’s the size of a dorm room plus an additional roomwhich is the bathroom.

You can view it online at https://www.biggerpockets.com/real-estate-investing or you can download it for free from Amazon on a kindle if you have one.

Plan A is to rehab the property into efficiency/studio condos and sale.

It can be a little intimidating, but definitely worth it in the long run.When trying to figure out what kind of property to buy, ask where the nearest universities, hospitals and city industries are (these drive single people and couples and are more suited to studio or 1-2 bedroom condos.)