We are frequently asked, "What is the best rental home to own?" We always recommend that you stay away from condo's, townhomes, and homes in an HOA community. The best rentals are small single family homes in the suburbs with 3 to 4 bedrooms. These homes generally rent between $1200 and $1500 - the sweet spot. Homes that rent in this price range will rent quickly and the renters generally stay longer. When you purchase, update it so it is cute and has curb appeal but don't go crazy with upscale features like stainless steel appliances and granite counters.