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).

When something goes wrong, you can find the best contractor for the job, who can make the repairs right away, and now your tenants are happy, and you have minimized the time you would have spent speaking to your tenants about the delay or fighting a warranty company.

Best of luck and congrats on the new property  Yes they know!

These areas might have higher property prices, but they can offer premium rental rates and higher occupancy.

So in my mind it would be best used as a last move into a REIT you never sell.  

The top closers, the most successful investors, and the best deal-makers all have one thing in common:They wake up early.

I do like your eagerness though so best wishes.

Tax-wise, profits are taxed at your ordinary income rate, and frequent flips may subject you to self-employment tax if classified as a dealer by the IRS.

I felt that the various service providers gave me preferred service having been introduced through RTR, and I had great experiences with everyone they recommended.Most importantly, I felt that I could trust my Matthew Seyoum, my Investment Strategist, to represent my best interests without any conflict of interest, and to provide sound advice after understanding my goals and needs.Time will tell how the investment itself plays out, but so far I’m happy with RTR’s service and look forward continuing the relationship.P.S.

Best of luck with everything!