The denominator in the calculation is your capital/equity and with no debt the return on your existing equity is low.

I would anticipate a semi-guaranteed government run insurance program, similar to the national flood insurance program of some sort and perhaps connected to an existing department of housing program to manifest.

in a vast interview process with many steps before allowing someone to move in. a new roomie is an everyone-decision, not a landlord-only decision; if you're expecting people to co-exist in a space together (for longer than just a few months), you have to make sure they all have some things in common, or at minimum have the right expectations in terms of cleanliness and routine habits.someone working the night shift and someone else having a 5am rise-time, or someone who works from home in a call-center job is not going to jive well for example. and someone who doesnt handle conflict well is not going to jive with someone who is brutally honest and up front about issues. happy to go into more deets on how we do things if it will help. this can certainly be lucrative in terms of cash flow, but there are huge mud puddles i have stepped in over the years which i have had to learn to navigate.

I think another trick is, can you get a mortgage or is it an all cash deal?

I have a mortgage on each building.

You could also buy from an existing landlord that has a section 8 tenant.

I am looking for a mortgage broker sponsor.

Would a cash-out refinance to free up equity and keep growing be a smart move, or should I focus on paying down my existing debts?

In Texas, as a licensed agent, you’re generally required to use TREC-approved forms for real estate transactions unless an exception applies, like (I believe) leases longer than 1 year or where no TREC form exists.

One challenge was getting the hotel occupancy up after renovation since no one had booked or stayed in years so there was no existing guest base.