Medium-Term Rentals
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 1 year ago,
Group homes licensing for rent by the room
Hey y'all,
After doing long-term renting, we are looking to get into mid-term by doing rent by the room.
I've heard that there is a limit for unrelated people living in one house, which can be as low as 3 people (which is very low and doesn't make sense ROI-wise).
We thought that the solution could be us being licensed for a group home which by that will give us way more wiggle room.
Does anybody here do that? Know if this process will solve that problem. I couldn't figure it out when I was researching about that topic.
Thanks in advance!