It is government subsidized, which means it will be management and paperwork intensive - especially after this disaster.

Flips are cash-intensive.

The property is in pre-foreclosure and I'm hoping to work out a creative financing strategy in order to bring less cash to closing.

Look at other income streams like boat storage, shrinkwrapping, retail, etc.This is a captial intensive asset but so far it's been a lot of fun.

6) Network with local PMCs and work out a referral fee that goes both ways.

Snow: Hello,I am currently looking at ways to expand my portfolio and also do a few flips that may work out.

However, I do have quite an intensive pre screening form I complete over the phone before I will schedule an appointment.

In a overheated market holding out, may work out.  

It is difficult to find reliable comps for individual room rentals, which makes it harder for them to confidently justify the income you're projecting.Perceived Higher Risk: From a lender's perspective, renting to multiple, unrelated tenants can signal:Higher Vacancy Risk: Turnover is naturally higher with individual room leases.More Management Intensive: More tenants mean more potential for issues, which they worry could lead to neglect and property deterioration.Business vs.

MTRs (medium-term rentals) can be a great strategy for steady cash flow without the hands-on intensity of short-term rentals.