Have a buyer that rents rooms to veterans for my apartment building.Have you heard of this?

[Joel Owens]

So I have heard of people renting rooms to veterans or the deaf and blind before etc.

If it was trying to load up a bunch of random room boarding I would be worried.

Buyer states they have about 400 properties currently they own.They buy the property and rent out each room to veterans with grant money from the FHA.

After 2 years they refi out with FHA and pay off the owner financed note.They are putting a big chunk of money down.They only focus on veterans for the housing.

Any comments helpful.They are giving me a great price because per room they can increase the NOI much more.