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Updated about 5 years ago on . Most recent reply
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[Calc Review] Help me analyze this deal
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Hi @Aaron Furr, I read your blog article and the deal analysis. Have you considered Section 8 housing? You'd have similar drawbacks in terms of clientele, but at least the checks would be more regular. More info here.
Also, consider finding a local property manager before you close on this deal, and ask them for their advice. It'll be hard to find a PM who specializes in managing transitional housing, so it might make sense to start that process sooner rather than later, so you can be ready when you find that deal which makes you say "Heck yes".