The headache of playing peacemaker between 3-5 unrelated tenants doesn't sound worth the premium management fee; not to mention rent by room generally brings in lower quality tenants which require significant more management.With that said, higher rates are pushing investors toward rent by room simply because it's the only option for cash flow (at least in Denver) which is why I have so many folks reaching out.If you currently have rent by room investments or perhaps you're a PM currently offering rent by room, I'd love to hear your feedback and any advice you may have. 

To do a 100% BRRR the cap rate has to be lower then interest rate.

As others have noted the number of MF properties in the greater Phx area is low compared to many markets and the number for sale is even lower.

If your rate is lower than what you can get by investing, taking account for risk, then pay the minimum.

You’re going to get a lower selling price for occupied properties just as you will get an even lower price for selling a portfolio of homes.

Sometimes I see properties currently for rent lower than those 3 services. 

However, if you do plan on getting a HELOC, you might also want to get a line before moving out since rates are lower and CLTV is a lot higher for primary helocs!

If it sits vacant for months at a time, the data model gets recalibrated and they'll tell you to lower your rent calibrations, but maybe what it needs is someone to tell you "you know what?

Purchase at a much lower than even market price or get aeller concessions2.

I store some funds in a HYSA as well as lower risk investments.