@Dean GulloTo build connections in Southington and surrounding areas, join local real estate meetups, connect through BiggerPockets forums, get involved with local landlord associations, reach out to real estate professionals, attend town or community events, and expand your team.

Hi All, I've been eyeing to purchase in Rochester as well.

Best to involve attorneys/lawyers as well, but it depends on the type of financing you get.  

I've had success simply informing the tenant that I plan to involve a collections agency as a next step if they don't pay what they owe.

Affordable housing, which means Fed funds, is a very tricky type of development for everyone involved.

With over an estimated $300 billion of extremely delinquent debt yet to be liquidated to the secondary market, there is a a lot of opportunity to reposition these loans, keep folks in their homes and make a very nice profit for all involved. 

As mentioned if you're concerned, just keep a close eye on your credit profile during that period!

Would obviously have preferred to use a third party but this accomplishes exactly what I need - a birds eye view of the profitability each month without have to re-enter operational and tenant data into my own system when the property manager is already tracking this information. 

If it's a layered LLC, most lenders will need to trace a warm body on the operating agreement which will involve a bit more paperwork trail.

@Jaskanwal Preet Singh ChhabraRefinancing a converted property for coliving involves appraisal, loan types, interest rate reduction, and careful planning.