Hello! I am very excited to be learning more about bigger pockets and actually being active in the community of investors. I have a few questions that I'm trying navigate in the middle of 1,000 endless projects. Probably some of the same questions others have asked but I'm going to include a bunch in this post. and I look forward to hearing from you all!

my current situation is;

I currently have a 1b/1b private unit rented to Travel nurses and I am mid construction on the main house, to finish basement after it flooded. The main house will be 4bed/2bath and I want to rent by door as midterm travel nurse facility. I am looking for a little input on what amenities would be preferred in a house shared by traveling professionals. Beyond the standard furnishings, like bed, desk, dishes, etc etc etc, there will be two bathrooms each with a shower, a shared kitchen and shared laundry. I have the ability to leave a small gym setup, but I'm not sure if its a liability or if I could produce a waiver to sign with lease? The other idea I had was to add two additional bedrooms, making two bedrooms per floor of three floor house. This option cuts out the ability to have a gym and could potentially create time management issues having 6 tenants share two bathrooms. I'm also not sure that the water tank would sustain that many occupants. I'm willing to upgrade plumbing systems in order to mitigate those issues, but I am not sure what upgrades those would be.

Looking at rental comps per room are $1,100-$1,500 depending on location and amenities and my property is located less than .5miles to Hospital in Everett, WA.

In Summary, the 1b/1b unit rents for $2,500 a month and the rooms will be $1,200(to be conservative) making approximately $7,300 in cashflow.

Next step is funding the purchase of my next property and securing the loan, I am working with a brokerage to help get approved but I'm still exploring some creative options to fun/finance this next purchase. I have heard of using home as collateral or maybe this high cash flow property would help qualify as income?

I did previously have a one year lease that ended and we transitioned into this mid term strategy, and that income was claimed on last years taxes.

I have quite a bit of equity in the home that I've never touched.

I found the property that Id like to purchase and convert the barn into a two bedroom DADU.

I'm self employed but have recently applied to quite a few jobs as that seems to be the biggest hold up in being able to be financed.

If anyone has a suggestion about any of these things, I'd love to hear from you! .....but please be kind, we are still new to figuring out all the specifics! :)

Seattle, Washington

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