Military Househacking in Pensacola FL

[Cole Beauchemin]

Hey everyone! 

I am moving to Pensacola, FL in May for the Coast Guard and I would like to househack a single or multi-family using the VA loan. Does anyone know any Real Estate meetups down there that meet consistently? Any tips for investing in the area? Looking to make some connections to people in the area.

Thank you in advance! 

[Matt Jones]

@Cole Beauchemin I agree with what @Dylan H. said on not counting on increased rents from renting by the room to make your investment work.  Renting to flight students by the room is great and can be very profitable but I am seeing more and more students buy houses with that intent so eventually it may be hard to find students to rent.  More importantly, at least to me, and more immediate is the fact that finding a property manager to care for your property by the room is very difficult.  Almost all if not all local property managers will only rent the property as a whole and will not be willing to manage multiple leases in the same property.  If you buy something that works as a traditional investment you have more options and exit strategies when the time comes to sell or to hand it off to someone else to manage.