For example, 1 bed condo I am living in, can be rented out for about $1050/month.

I will put more numbers below.ARV: 65/70kMy Purchase Price (expected): 19 or 20kAssignment Fee: 3/4kClosing Costs for a double close: 600Financing: I can get transactional funding free on this because it is a small (for a house) amount (family).Estimated Repairs: 25kEstimated total cost for buyer: 47-50k3 bed/1 bath1196 sfNOI: 6,274 (700 x 12 Rents minus 1,382 in Taxes, 300 property insurance, 300 in property management.

It was built in 1928. 2 beds 1 bath. 1100 sq. ft.How hard would it be to make this a section 8 house and how much should I expect to receive for rent monthly?

If you jump out of bed each morning and say 'Yippee I'm going to work!'

Rent doesn't usually associate with square footage...it's more a function of number of beds/baths/common areas, as well as a function of amenities and condition of home.So, start calling FOR RENT signs of houses that are similar to yours in terms of rooms, condition, age, and amenities to get an idea of what others are asking (keep in mind that they haven't rented at that price, but it's a starting point).As for taxes and insurance, the local taxing authority can tell you the annual property taxes,and an insurance agent can give you an estimate/quote pretty easily.

It's a two family, 4 bed / 2 bath, 1750 sq ft, built 1904.

This house is only 6 years old, ranch style - 3 bed/1 bath on a crawl.

I had a very large 3/1 in a tri-plex, the attic was a huge bed room with four dorum areas large enough for beds.

The last house I picked up from W&W is a 3 bed 1 bath brick house in Birmingham valued at around $32.8k.

You can make your best stab at it by looking at current (< 90 days), nearby (< half a mile, same neighborhood), similar (same style, same beds, same baths, same finish levels, similar square footage, similar location) properties, and get an idea.