Since your friend will be a silent investor, it’s usually cleaner to treat his $35k as a loan with a fixed return instead of a profit split.

At least with Oxford House, a group of individuals in recovery would have to find the home to rent and then apply for a charter.

I’m in the early stages of my real estate journey and joined Bigger Pockets to connect with other investors, learn from people with more experience, and surround myself with individuals who are actively growing in this space.My background is in renovations, and I run Precise Home Renovations LLC, which has given me a strong understanding of construction, materials, budgeting, and project management.

Quote from @Javier Rosales: This is why i posted this, to get these answers. i have a friend that's also an Investor. but his friend also invest in properties. the situation go's. a units property or a few units, couldn't pay their rent. so the investor climbed mortgage forbearance. the lender excused 6-12 months or so from collecting the mortgage. and the rents he did receive. he used for another investment. either way i will call my Lender and see what they can do for me. i can still afford the property. just want to see my options   lender does not "Excuse' payments they may defer them but usually comes at a steep price.

I've sold to individuals but they often have unrealistic expectations and can be a PITA.

That has created opportunities for my real estate partnerships to own the restaurant operations inside our buildings without investing much more than we would have spent building out space for a tenant where the individuals who customarily would have been arm's length lease operators are now brought on through management agreements to run the businesses.  

It's been, and will continue to be, one of the stronger vacation markets on the east coast, and from a tax strategy perspective, I can still plan on bonus depreciation, which is material in my individual case.Thanks for any thoughts from those on the ground, or those with existing STRs in the market!

Your numbers line up well here: plenty of 3/1 and 3/2 single-families in stable, rent-friendly areas that can stay under your $90K all-in target and hit that $1,100+ rent mark.A couple things to keep in mind in Memphis:Neighborhood selection is key.

It’s a structural one.Why it’s happeningBuilders have tools individual sellers do not:• They can buy down mortgage rates into the 3’s-mid-5s while resales are stuck at 6.5%+• They can offer closing cost credits without triggering appraisal issues• They adjust pricing based on absorption rates, not emotions• Inventory carries measurable costs for them, so they act fasterMeanwhile, resale sellers are slow to reprice and anchored to peak-era expectations.That creates a pricing gap investors aren’t used to seeing.The investor angleFor most of the 2010s, investors avoided new construction because it was more expensive, taxed higher, and offered no rent premium.

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.