Rooming house help?

[Chiane Martin]

Hi everyone,

I’m an investor in Cleveland. Born and raised here. I currently have 6 doors. 
I just recently bought a single family home and had a contractor tell me about making it a rooming house. 4 bedrooms, 1 bath. 
Wondering does anyone have any experience with this? Pros/cons/tips? OR should I keep my original plan and section8 it. 
Thanks in advance

[Bryan Montross]

Let me caveat by saying I do not know the Cleveland market. In my personal opinion, if I was renting a room with a group of roommates, I would want more than one bathroom for 4 rooms. I don't think that is a great ratio for unrelated (even related) people. However, you would have to look at your market and see if people are interested in renting by the room and how much they would pay. If there is demand and you could get more for 4 rooms than section 8, go for it. You could even look into companies like PadSplit that help with renting by the room scenarios.