Walk through bedroom house

[Dozar Real]

What are your thoughts  on walk-through  bedroom houses  as a  long time rental property  as young investor they are very common  in my area and would make a good  long term  rental by number, What are the pros  and cons .

[LeeAnn Owens]

Hi @Dozar Real,

Unless it is a crazy good deal I would pass on it. This is a prime example of functional obsolescence. It will limit the number of people who are interested in your property and you may end up having to rent it to lower quality tenants and / or below market rent. 

If you can get a property with a more modern floorplan at a similar price I would go for that. If not, just be sure you are not running your numbers with market rent. 

I have a unit that has a a 10x12 room with a window but no closet that you walk through to get to the master. Legally it is not a bedroom because it has no closet, but the previous owner (and even the listing agent when I bought it) advertised it as a bedroom, which is incorrect. We advertised it as a "bonus room/ office" and I think that helped attract the right applicants (they were not expecting a 3 bedroom apartment and then arriving to find out it was only 2 beds with an awkward bonus room).  

Good luck! 

-LeeAnn