This 1600 SF, 3 bed 2 bath SFH in a gated community serves as both an oasis and as an income producer.

operates 6 of their 16 beds...is it actually licensed and approved for 16?  

3: what is included in the P&IDetails of property below:DuplexListed Price: 195,000Price I would like to offer: 160,000ARV: ~195,000Assumed closing cost: 2500Estimates repairs: 6000 (kitchen is very out of date and so are the bathrooms)Taxes: 4,071No down payment4.625% loan interestAmortized 30 yearsShould be able to rent at: $835-$875 per side after renovationsVacancy: 5%Repairs: 5%CapEx: 7%Insurance: $100Lawn Maintenance: $80Tenants pay water and electricExpense increase over time: 1%Income increase over time: 1%Property Value increase over time: 2%Management fees: 10-12% Sale fees 9%Bonus Details: Each side has a single car garageRent estimates came from apartments in the area with similar number bed/bathWould be running property as a house hack that would transition to full rental property in about 2 - 3 yearsAny advice and help is appreciated!

v=QeiuirTqxcg&feature=youtu.beHere are the details:- List Price: $13,900 - 1600 sq. ft. 4 bed/2 bath- (C-) area, but gentrifying- Comps with med. builder grade finishes ~ $70K-$100K- Rent Comps ~ $900/mo- The house has multiple code violations (see picture below):- At the very least needs(new): roof, electrical box, water heater, a/c unit, flooring, windows, doors, kitchen gut, bathroom gut, couple walls removed.- As far as I can tell the structure itself is o.k.So...This would almost be a gut rehab in my eyes.

I like that you didn't neglect the foundation...so many owners try to rehab in spite of the crawlspace then have problems down the road.Recommendation: Try to avoid steel shims on a pier and beam home, rot/insect resistant cedar shingles are preferred:- allows for more precise leveling- can be easily installed without over driving thicker shims and creating humps in flooring down the road.Congrats

My first thought would be "D" but I don't generally promote violence!

My 4000 sqft 7 bed student rooming house from the 1860s is about 450 a month for insurance.

Plus the units I was looking a purchasing are with in 1 mile of a university, so I feel like they should rent really pretty easy each one is a 3 bed 2 bath with an attached garage.

ScenarioChicago: we buy 2 bed, 1 bath (900 square feet) in a decent neighborhood (Rogers Park) at $125,000 at $25,000 down (the 20% down is cash, the remaining is financed).We add a half bath to force equity and everything goes wrong, costing us $25,000 against our current home's Heloc (25k seems to be the higher end of the cost of adding a bathroom according to a google search).

(You can’t even buy a 2 bed condo for 300K nowadays and houses are 500K and up) Good luckEdison