Experience with Rooming houses as investment properties?

[Jason Ross]

I have an opportunity to acquire a "Rooming House" that, on paper, looks very strong.  I have a call scheduled with the property manager to learn more about the nature of the tenants, but was curious if anyone had experience, good or bad, with this type of investment and some 'pearls of wisdom' for what to look for, ask, or frankly run away from.  Thank you.

[Jason Ross]

Michael: Thanks so much for taking the time to reply. Your comments were affirming in terms of what seems to be an attractive investment but also my focus on talking to the property manager/operator with a set of questions inclusive of the points you raised. Thank you!