I would also suggest that you contact your local Public Housing Authority (PHA), which usually runs the Section 8 program and might have knowledge of other local resources or particular housing initiatives that may help you find a qualified tenant, such as project-based vouchers (linking the money to your specific unit) or, in some cases, housing programs for veterans (HUD VASH) or other special populations that may need special housing assistance.

@Dominic Emory Maintaining your money's momentum is a challenge in the current market.Properties are not increasing in value by double digit percentages right now.So, it is a challenge to pull your funds back out of a property purchase.You'll have to be picky about the deals you pursue to pull it off.House-Hacking, living in a property whil improving & renting it, is one of the best strategies to get started.The more work a property needs => the better the price you should get!

Jason, I’ve been using virtual assistants in my rental business for years, and they’ve been a game-changer.

Assisted living and sober living properties are usually classified as “mixed use” → commercial.​👉 Good news: we work with lenders who DO allow DSCR loans on commercial properties.​But here’s the catch…​Lenders only look at the real estate value (the property).​They won’t include the business value in their appraisal.​Example:One of our appraisals came in at $400K with business included.The lender adjusted it down to $360K for property only.That’s a $40K difference—and it matters.​Key takeaway:DSCR = asset only (the property).SBA = property + business.​If you’re exploring Assisted Living or Sober Living with DSCR financing, know the difference before you get surprised at closing.​Have DSCR questions?

Many clients I assist establish nonprofits for this specific purpose, yet frequently encounter difficulties in securing suitable housing or face budgetary constraints in purchasing property, often opting to lease instead.You’ll want to ensure that whoever you end up leasing to has house rules drafted and requires each resident to comply with them.

You will have to have a set of very clear rules, consequences for breaking them, and a way to maintain oversight.

Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to,, “Maintain to the Neighborhood”.Why is that important?

Price that in from the start so you don’t get surprised; I hope this helps you a bit, I sent you a DM on BP hope you can assist. 

You may desire to look into ways to increase your leverage and use the money for other investment opportunities.You do not state what state this is, but if it is CA the property 13 reduced property tax is only maintained if the home was the primary of the deceased and will be the primary of a child (this was the case for my brother and he is still living in the home at a tax rate that is based on a 1977 purchase plus 2% max annual increase).  

What is your take in hiring a virtual assistant as a realtor?