I came across a great deal this morning for a 2 family duplex in my area. None of my existing buyers are looking for rentals right now. It does need work, primarily to one of the units that has 5 bedrooms.
The other unit has a single bedroom, kitchen and living area and really would just need some carpet and paint before being able to be rented out for $500/month.
After the 2nd unit is renovated, according to a rental agency in the area, it should bring $1200 - $1500/month.
Also, there is a good size yard and a 3 car garage which could be split easily to give one unit a 2 car and the other a single. OH, and rare to the older homes in the area is a full size basement which could be split down the middle for each of the 2 units as well.