There are a few DSCR lenders that will allow you to operate a rent by the room strategy as long as the strategy makes sense, and no one related to you is one of the tenants.

You learn a lot of operational experience by just owning 1 rental as a long-term rental.

Most lenders will want to see the original operating agreement if it's an older entity to prevent the borrower from adding someone on the operating agreement to qualify for the loan.

Key is to work with a team that focuses on managing padsplits as their core business.Buy in solid neighborhoods where there is a good tenant base and put in experienced property management.Happy to connect with anyone that has questions on the model.

Hi Geetha,The NCREIA meetups in Raleigh and Charlotte are a fantastic choice—they attract real estate operators at every level, so you're definitely in the right place to build connections!

Our family owned operation has been in business for over 10 years.

Hi all,I'm sure some have heard of the properties being built by Clifton Homes:Location: 9440 N Adrian AveThey are a fully vertically integrated operation (prop mgmt, construction, and financing).This is their deal:Cash in:  $50K6-8 months later:One time refinance to put a long term mortgage on it at or around 75% which gets your $50k back + 16%.

For example, if you wanted to outsource that part of your business, are there management companies in your area that you would feel comfortable turning operations over to?

Operations and systems are my thing.

I am also an operator with 25 Airbnb listings (some that I own others that I manage).