RENT BY THE ROOM SFH HOUSE HACKING CRITERIA IN COLORADO SPRINGS

[Jeremy Babin]

Is anyone looking (or already owns) for a SFH specifically for rent by the room house hacking?
If so, what are your criteria?  What are you looking for in this kind of property and where in town are you looking?

Just looking for some perspective!  Thanks!

[Colin Smith]

I probably have a more negative view on this approach manning over 300 doors around the Colorado Springs area. We've seen this model go poorly so many times that I do not recommend people take this approach UNLESS you're the owner of the home is living in the property as a house-hack. I highly recommend house hacking but hoping its going to go well after the owner moves out often does not. I know people who have been successful at this but we have seen the end story so many times and left cleaning the place up to turn it back into a traditional long term rental.