My parents own an Investment house in Columbia, SC. The Address is 1035 Karlaney Avenue, Cayce, SC 29033 located less than 5 minutes from campus and Columbia. . You can find it on Zillow.com listed at $164,900. Its been on the market Since September 2015 and has struggled to sell. My parents have owed the house for about 8 years in which they rented it out to me, and my brother, and friends whom all went to University of South Carolina. Its  a 3bd 1bath house with renovated kitchen, new windows, and new roof, and new insulation. I am in the midst of getting my real-estate license so I can make some personal investments. Its obvious the 1 bath is a big hindrance to buyers which my Mom doesn't want to put any more money into the house to add another bathroom.  Because I think the house its perfect for a rental, I considered the possibility of buying the house and putting about 10,000 for an additional bathroom off the back bedroom. I figured I could recoup some of the cost if I rented it out for a year to a few years.  As a newbie, my biggest fear is making a bad investment being 24 years old and putting my self in some hot stuff. So I am asking experts on their advice as far as what I need to consider before pursuing this house as an investment.  I figured I have an opportunity to get a good price for it because they are my parents, and my dad may even go in it with me so I am not stuck with the full burden of my first investment endeavor. Any ideas?