Looking for advice: 10 unit multi family investment

[Jake Marriott]

Currently looking into a 10 unit investment property and would like some advice as for how to lease it. The property has 10 identical 750sqft units with a 2,000 sqft end unit. Likely a motel in its past life. My first thought was to work with Section 8 to fill the units. Confirmed with local office that they will approve vouchers for studio layouts. I heard on the rookie podcast about sober living which sounds like a good route as well. Any guidance would be helpful!

[Jake Marriott]

Quote from @Jaycee Greene:

Quote from @Jake Marriott:

Currently looking into a 10 unit investment property and would like some advice as for how to lease it. The property has 10 identical 750sqft units with a 2,000 sqft end unit. Likely a motel in its past life. My first thought was to work with Section 8 to fill the units. Confirmed with local office that they will approve vouchers for studio layouts. I heard on the rookie podcast about sober living which sounds like a good route as well. Any guidance would be helpful!

Hey @Jake Marriott, welcome to the BP Forum! I'd defer to any sober living operators, but I suspect doing S8 tenants has less hoops to jump through, depending on the licensing requirements for sober living in your area. Would the studio rents with S8 cash flow the property?

 The property will cash flow with S8. After doing a building walk through the units can easily be made 5 2beds and 2 3beds. My thought proccess was rather than manage 7 units, look for one sober living operator to magage the units.