Rent here for 2bdrm house is well over $1000, so it more than covers extra cost, heckif one rents 3bd they could live free.

However, if they choose not to sign a new lease, they can still enforce the old one and live in the property until the lease expires in a year.

i live in long island, new york and it is notoriously expensive, even the cheapest of areas could still run around 160,000.

He has a problem with (2) of the owners not selling their interest and they still live there and he owns the majority.  

I'd say you're close and you need more research, estimating full bath and half bath at the same price gives my thoughts a red flag that you're too green, although it is mostly accurate (but still low imo) as it evens out, but applied individually, it's dangerous at best.Yup, I lived in Gaithersburg (where I assume Trevor's flip is) for a long time... 

I live in NYC and my rent is around 3,500 a month.

I live in 10 Penn and own a quadplex in The Plaza.

I also really enjoy the weekly live webinars and there's a monthly Northern Atlanta Real Estate Meet Up meet up that's awesome. 

I live in the great real estate market of Connecticut and thus, became an accidental landlord when my primary residence (2Bd/1Ba) failed to sell.

Fortunately I took a step back, implemented a number of things that would conserve heat and water, and I am far better for it because the old costs were built into the rents.Now, I live in a house whose water is controlled by a utility and I receive monthly bills like electric and stays with the tenant.