So while a typical 3 bed, 2 bath house could rent from $700 to $1500, the cost of that house could be anywhere from $15K to $500,000K depending on the area of the country.

I did a search one your 8704 Catalina 3 bed, 2 bath listed for $48,000 and found 2 properties within 3 miles that appear to be move in condition for $26,000 and $22,900.

If you've got millions of dollars in your mattress, then I would use that to buy real estate.

Ft = 18293 Bed/2BathProperty is in a rental neighborhood.

You have to remember that, even if your cash is under your mattress and earning no interest, if prices are dropping, you're still gaining value.

Should have stayed in bed.

The rent for each of the 2 studios may well be equal to or more than the additional rent made from the transfer of 2 (1 beds) into 2 (2 beds).You also have the cost associated with doing so, which could be unnecessary money down the drain.

See what rents are going for with houses similar to yours (beds, baths, garage, basement, etc).

While maintaining client confidentiality - I say this a few days after inspecting a 100 unit building that had to be completely evacuated, over a dozen people hospitalized, and now has about $1 million dollars in damage all "allegedly" caused by....1 tenant who "allegedly" put a space heater on a bed and left it.

Here are the specs..3 bed, 1.1 Bath two story townhouse with a full basement.