All the best,Mark

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Once you clear the 2-yr mark of living there yourselves, you can likely use the full $500k.Disclaimer: I said likely, because there could be a mountain of complications, as well as some different opinions from my peers.

A big advantage of renting room to room is that its rare for all the rooms to be vacant at once so your exposure is lower.Good Luck,Mark Villanueva  

Quote from @Mark Cruse: Is the person leaving?

@Leonard Rybak this may give clueshttps://www.redfin.com/city/1903/FL/Boca-Raton/housing-marke...

Investors in your position can perform a fast rehab and in as little as 90 days refinance out of the interest only fix and flip loan and into a DSCR loan, 30 yr fixed product in the 7-8% range - cash out is available up to 75% of the appraised value at the 90 day mark.  

Their plan is to sell each property around the 5 year mark.

"Buy land because they aren't making any more of it"-Mark Twain.

I concur with @John Thedford. depends on the market.Rentometer is pretty much universally useless for properties in Canada and there are markets in which we are involved or pursing properties in the U.S.A. where it's off the mark (South Eastern NH is one).