Hi,What are your thoughts on renting a property to Home Care Patients who needs care.

@Danny Van you can also attend Oakland REIA and MREI, both held monthly in Troy.Regarding what to do, first you'll need to call the City and get their rental application to fill out, pay the fee, submit and schedule the inspection.It's mostly a health & safety inspection: smoke detectors, a CO detector near furnace, handrails, GFCI's. etc.WARNING: Warren doesn't really like landlords, so they can be picky about previous work done without permits - even if it was done before you bought the property!

If you're set on house hacking this way, you have to be patient, be open to going through a wholesaler or finding off-market deals yourself, or go pretty far from the city.

Like many other community owners, I have looked to solar to improve safety in areas that would be hard to reach with current infrastructure.A few considerations are deciding how they will be mounted, your budget, and how bright you want them.

I am patient that living off the cash flow would come a few years down the road, as the loan is paid and rents gradually go up and or rates go down.

If the goal is to buy, you are inherently not interested in being patient for the best deals, but rather your entire paradigm is centered on buying a "good enough" deal.

I agree on having OH by appointment only for safety purposes. 

Granted, more of a problem on AirBnB due to their complicity in encouraging ever-increasing automation, but there is truly nothing worse than a late check-in lock-out without a safety line or concierge to assist.  

@Jaci Sattler when you cashflow will depend on the Property Class you target and how INTENSE & patient you are in looking for an acquisition.Many new investors think they have to pay close to market price for a rental.

You can also ask some of them what times of amenities and finishes they think their patients might need and if it’s not too costly, add those to the property before they even tour it.