All Forum Posts by: Michael Hooven

Single person households make up 28% of the US population up from 13% in 1960. 31 of our 53 units are one bedroom apartments and we usually have a waiting list.

@Michael Hooven it's always market dependent... 

Is this a class A rental near plenty of job opportunities? If so, you can attract young professionals and do very well. 

Is this a class C rental 20+ minutes from job opportunities? If so, you will attract older singles that may or may not be good candidates. 

You already know the answers... "cash flows," "worry about appreciation," "worry about pool of renters." 

I'd assume minimal appreciation, but as long as the IRR / CoC return hit your metrics then go for it!