small house and small lot

2 Replies

I was thinking about buying a small house, it is a fixer upper about 720 sq. ft. prob. could get it for 5 or 6k, but the lot is really small 50x73 ft. and it does need quite a bit of work. Anyone have any advice.

Figure out what market rent is for that sized house and what your rehab costs will be to get it rented out. If the numbers work out for you, go for it! I own a 780 sq ft. house and I have no problem renting it.