Mainstream homeowner policies won't cover sober living because they don't account for the risk of multiple people recovering in the same home

However, I'm hesitant because the rent wouldn't cover the new mortgage, putting me net negative monthly.

When investing in real estate, having multiple exit strategies is key.For a single investment property, make sure the numbers work for both scenarios: 1️) If you decide to sell the home, the deal should produce a solid return. 2️) If you need to rent it out, the rental income should cover expenses and provide a profit.Flexibility is what saves you when things don’t turn out as planned.

I profited well but not enough to cover 6 months if they were all slow months.

If we wait and buy in 26 she would move in and let others rent with her and hopefully cover the mortgage. rent is super expensive there!.

My bookkeeping firm provides me with a steady active income, which allows me to keep doing deals, cover unexpected expenses, and navigate the occasional black swan event.My Take on Cash Flow:Cash Flow is a hedge against corrections.

Hello everyone, I purchased my home two years ago, and currently, I have a tenant renting a room for $800, which helps cover my mortgage.

Our newspaper noted they had invested over $1b in the area, but I think that covered 2 mega sites.

With that said, here are some questions I would ask myself about the situation: Historically, have the students paid enough in the 9 months to cover all the expenses associated with these properties?

Lenders typically look at the rental income of the property to determine if it covers the loan payments.