Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

I turned the extra room without a bathroom into a workout room as a bonus amenity.

I am confused by why you would pay all cash if your business is not doing too well. 

@Adam RossRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

By Monday afternoon, another investor had already swooped in, met with the seller, and closed the deal.

When you approach a deal as a relationship rather than just a transaction, the opportunities multiply.For instance, I was once approached by a seller who was the father of a girl I’d gone to high school with.

I would love to hear from anyone with experience navigating these aspects of a coliving BRRRR strategy!

Logically, you can only drive down rents by:1) Lowering the PRICE of housing:- How will you do that?

I bought a condo with the intentions of running an Airbnb and it was quickly shut down however I ended up turning it into a corporate rental.

If you haven’t read Brandon Turners book on managing rental properties or Landlording on Autopilot by Mike Butler, read those.