A local agent who actively owns and works these properties can save you a lot of trial and error.Mike already offered to help, and he’s probably the best person to give you real numbers and reality checks before you commit.

Todd people want to believe the bullsh&t of fast success so fast that their reasoning brain turns off.

This credit will be applied at the time the property is re-leased and will be reflected on your owner ledger accordingly.To further demonstrate our commitment to resolving this matter in good faith, xxxx will absorb the remaining $680 difference as a courtesy, despite the funds having been paid to the vendor and not retained by management.In parallel, we continue to pursue recovery from the vendor.

I like a fairly simple 3 bucket plan with TSM index funds, RE and a relatively small amount in bonds/T-bills/HYSA to protect against SORR...more reading ;) With $500k in stocks and $550k in primary residence you should be in good shape.

I am looking forward to their commitment to us and trust they are men of their word.  

That stuff doesn't show up in the cap rate.If you go OOS, make sure you really know the specific neighborhoods before committing.

Now, normally, I would emphasize the importance of touring a property before making any commitments, but this particular situation seemed promising ... at first.You see, we had the vacant units and the down units all ready for our visit.

Good questions — you’re asking the right things before committing to the model.I don’t personally operate co-living at that scale, but I’ve worked with clients that do and our brokerage firm works with alot of PadSplit investors, we've underwritten a number of rent-by-the-room setups.

If it t least breaks even if might be worth keeping as a LTR.

The last thing you want to have in life is to end up in a bankruptcy case - I'd rather commit suicide than ending up in bankruptcy.