you may have trouble finding financing for that configuration. one/two bedroom, one bath and a detached garage is our definition of obsolete in the trade.

you should reconsider your business plan if you want to be a landlord. you need to have a commodity that is in demand by the greatest number of consumers. a one bedroom house is a bit of a white elephant. your agent can help you determine the sales trend for such homes in the specific area you are proposing. if the one bedroom style is fairly common then it won't be such a deal killer, but if you have the only one in town then it may be a loser. of course if its cheap enough then who cares...just make the rent a bit lower than the competition and allow pets and you're all set. pet owners are less able to pick and choose and they stay longer in my experience.

all of the above being said, if the place is easily added onto, and you can have that happen cost effectively, it is a good way to add value and improve its desirability. such a move is classic investment savvy. just be sure that that the cost to improve is less than the added increment of additional value. that sounds elementary but lots of folks lose sight of the numbers when they get involved with investment property...it's a business.

You may have a difficult time reselling a one bedroom home. The number of potential buyers will be limited. Is there any way to add a bedroom, or possibly change the floorplan? If the property is in Dekalb, you may be able to attract a college student.

I don't think you will have a difficult time renting the property. The rental market in Dekalb County is pretty strong.

I hope that helps.