Second , renting by the room , what could go wrong ?   

With updated furniture, some cool design and a big game room, he's on track for $90k.

Rent-by-the-room can be worth it, but only if you go into it with the right expectations.

Quote from @Shameka Henson: Hey Ya'll, thank you to everyone for so many informative responses and actually reaching out in text or callsSo I'm getting my first BRRRR ready for the appraisal process and need some tips and tricks.Some tips I've heard - 1. do Not put keyed locks on rooms if you plan to rent by the rooms (put them on afterwards)2.

My living rooms are 12’ X 22’, so I’m considering dividing a few to make 12’ X 9’ 3rd bedrooms, leaving living rooms of about 12’ X 13’.

The best way to see if there is demand is to look on Zillow (there is a room feature) and Facebook Marketplace.

Converting a motel into assisted living can work, but it’s not as simple as repurposing rooms.

The reason is they want predictable, verifiable lease income, and room-by-room rentals can look “non-standard” or even borderline commercial to them.

Memphis definitely has pockets where the room-rental model hits strong cash flow, especially when the house layout supports privacy and you’ve got tight systems in place.Curious what part of the city you're operating in and how you're handling the operational side.• cleaning and turnovers• conflict resolution between tenants• utilities + WiFi management• screening and house rulesIn my experience running volume in Memphis, the success of co-living comes down to whether your systems can maintain stability without the property turning into a full-time management job.

Just try it out, list a room in your house and see what demand looks like.