Just another example of private equity throwing money at bad business model's in our space.  

Hopefully your project has moved forward since then.That said, I’ve been in the recovery housing space for nearly a decade and have worked on developing and supporting dozens of sober living homes.

Ideally Id like to get into multi family space there in 2016-2017.

With the house already having a built in apartment, parking space, and the potential to be a multifamily rental space, we are not sure on the best option for all involved to help her move out while also turning it into an investment property for us.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return.5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space.6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

The multifamily space is still pretty active, especially for value-add deals, but it’s definitely a block-by-block city so having a solid team on the ground is key.If you’re looking at 3-8 units, I’d suggest exploring areas like North and South Linden, Hilltop, and Franklinton if you’re after value-add and appreciation potential.

I am so excited to have found this space as it seems like it will be such a valuable resource to connect with other investors. 

My team currently manages just over 4 million square feet of office, industrial, and retail space, with roughly half of that owned by our firm and investors, and the rest by owners from across the country.

Quote from @Bruce Woodruff: Quote from @Jon Martin: While I agree with your rationale, there are some incredibly successful investors in the space who still call their properties “airbnbs”.

You have the freedom to create a space that reflects who you are, all the way from the light fixtures to the paint colors.Pro Tip: Just be mindful about exterior changes, if you buy a home in a community that has a homeowner’s association (HOA).