These systems help ensure that essential items like toiletries, linens, kitchen supplies, and cleaning materials are adequately stocked and maintained.

It's essentially house hacking on steroids (since you are renting it out by the room and not just a section of the house like a basement), and there's minimal risk.

@Dayton BourassaI would also be very cautious of thinking you can increase the current rent by 35%, I know you passed on this deal, but when analyzing deals it's important to be conservative when estimating rental income, if you are not conservative with your estimates then you need to account for more vacancy, which is essentially doing the same thing as being conservative. 

This means that you have the right to assign the contract to another buyer without needing the seller's consent (unless specified otherwise).Assignment Agreement:Once you have a signed purchase agreement with the seller, you, as the wholesaler, can then prepare an assignment agreement.The assignment agreement essentially transfers your rights in the original purchase agreement to another buyer (an investor or end-user).In the assignment agreement, you will name the original seller (assignor), yourself as the wholesaler (assignee), and the new buyer (assignee).The assignment agreement should outline the assignment fee (your profit) that you will receive from the new buyer upon closing of the sale.Execution:Both the seller (assignor) and the new buyer (assignee) need to agree and sign the assignment agreement.

Seek out neighborhoods where demand is steady or increasing, and take into account elements like conveniences, safety, and the closeness to public transit.Pick a home that fits in with your long-term objectives.

House hacking is essentially the cheat code to get started into real estate investing.Generally done by utilizing FHA loans and 2-4 unit properties.Basically, buy a primary residence, live in it or one of the units for 12 months, move out buy again and do it all over again.Each time you can utilize fha as long as you refi the former before you use it again.Great way to buy a lot of properties with low entry cost!

Sundays are not a banking holiday, even if they're at the football game..Status updates and running ahead of schedule are essentials not luxuries.  

Make sure the lawyer letter has something to the effect of "for your health and safety, we feel it is necessary for you to vacate the property.

I would just be careful and make sure you meet all safety codes for living spaces.

Wait until the government wipes out your business and livelihood with unconstitutional laws in the name of "public safety."