Hi Everyone! I'm in Maryland and have a house that I was originally planning on flipping, but found this as a possible way to make money as well. I am interested in finding people who are in the business of RAL and would like a long term lease. The house has 8 bedrooms, 2 bathrooms.

Main floor -- 1 bathroom (shower, no bathtub), 1 bedroom, VERY LARGE living room, as well as an additional small living room, dining room, mudroom and kitchen.

2nd Floor -- 1 bathroom (with bathtub), 7 bedrooms, no living area or any other area on the 2nd floor.

I don't really want to deal with getting a license or taking care of ppl, I just want my monthly rent paid on time. I honestly don't know a lot about Residential Assisted Living, Foster Adult Care or what have you. I found out about it yesterday and am starting into the rabbit hole.

I am a mom of 3 and would be living in the RV in the back. Until we move on to our next flip, which should be later in the year. Which is why I was thinking of doing RAL, myself, I heard that I don't need a license for 1or 2 people (not sure if that is even true). I'm a SAHM (stay at home mom), since the pandemic, I've drastically reduced my time working in my profession. I do have medical background but no degrees, I can find help if needed, I just don't know how difficult it would be to:

A) Find clients

B) Rent out rooms to them

C) Pricing in my area

D) How much the insurance would run up for this and

E) Fixes to property that are necessary in order for this to be done correctly

In an ideal world, someone would come by, walk around my property and tell me everything I need to fix and say, either, "Once you fix all this, I can lease from you for $XX or if you do all these fixes and want to avoid too much hassle you can rent it out to 2 ppl for $XX, in fact I know of 2 people and would love to get a commission from you if you decide to rent to them!"

Again in an ideal world, that would happen, but I'd be happy with just getting pointed in the right direction, youtube videos that don't say a bunch of nothing then advertise a package, info on FB or other social media groups that have valid info on this and I can network or really any advice in order to start this journey.

Germantown, Maryland

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