Rooming Houses

[James Harkness]

Does anyone have experience buying, managing, or selling rooming houses? I hear that they can be a real pain and are extremely management intensive. I have a friend who is having difficulty making payments on his rooming house right now and it doesn't look like his mortgage company wants to modify for him. I cannot understand what a mortgage company would want with a rooming house on their books. Please share your experiences with rooming houses. I appreciate it.