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Updated almost 5 years ago on . Most recent reply

Rooming Houses in Raleigh Durham
Does anyone have some insight as to the legality and laws on rooming houses in the Raleigh Durham area? I have a seller who is renting each room to 4 separate tenants. With what is it bringing in it is over a 23% cap rate. Is this legal in Raleigh and surrounding areas, and also will a property management company handle something like this?
Most Popular Reply

@Ryan Groff In Raleigh, you can't have more than 4 unrelated people in a house. In Durham, it's 3 people.
- Dawn Brenengen
- Podcast Guest on Show #101