Hi,

Just to share my experience. I bought my first place in 2004: $350k 2 BR Unit + Sun room next to a major university. The agents quoted me something like $330 and I told them to get stuffed. I sub divided the main BR into 2, and made the Sun room into a room also. Threw in some old second hand furniture and I had 4 furnished rooms rented out to students at a total of $525 pw.

The hassle is, I have to manage the place myself, and it's not something for everyone. But most cf+ properties don't drop out of the sky, you'd need to put in efforts to add value anyway, either by extending, renovating, demolishing or whatever.

Yun