I think this arrangement can suit both parties, he wasnt going to be able to keep the house but can still live there for super cheap.

I currently live in WA state and invest out of state for buy and holds.

I specialize in creative rental investments such as STR & co-living. 

But honestly, if you live here, you will understand and be more patient with the investing scenario. 

And it has been gaining recognition as a vibrant, desirable place to live, especially for younger professionals and first-time buyers. 

I'm a Realtor with a couple properties listed in Boise, ID and a neighboring town for my investor/client that are currently rented as co-living or rent-by-the-room and getting killer income. (7.3% - 9.5% Cap rate) So far, every inquiry has been baffled by the concept of co-living or rent-by-the-room and immediately ask if they're being run as a halfway-house (which they are not).

Where's the living room?

Hello, it is a owner passed and child wants out because they are absentee, no section 8 and the tenants have lived there already for long time 13, 6, and 4 years with no desire to leave as long as I can keep the rent same or close to same and they are willing to sign 3 year leases.I have looked at single family houses and have not found a deal that compares.

What insurance company is selling an owner-occupied homeowners policy for a house nobody lives in with a premium for guest damages and then knowingly letting you STR the property full-time as an investment?

All the rest live in other states or countries.