Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

It feel outside of my scope of my business model.A few suggestions:- List on CHBO corporatehousingbyowner.com- target a niche market like students, travel nurses, flight crews (if you're anywhere near an airport), and construction teams- if you have 2 - 3 bedrooms, explore renting monthly by room - roomies.com and bungalow.com; you'd be surprised at how many people are on a budget and will roommate with strangers. 

I also wouldn't be opposed to using a 203k loan to finance and renovate a multifamily to house hack and rent out (I know it's a lot more work and harder to achieve but I think the potential could definitely make it worth while, especially with the up coming changes going into effect soon). 

@Kristjan Meitz would definitely target a 2-4 unit if possible.Challenge will be finding one at a price you can afford and that's in a decent area.Once she's accepted somewhere, check to see if the school has a placement assistance office.

. - there are numerous ways to achieve sweat equity from boring but true rehabs, to development, to various localized sophisticated options

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Insurance costs are going to be extremely relative to a list of variables that differ with every property, but if you know what to target and what to watch out for, these costs do not at all prevent positive cash flow on the right opportunities

They might work for smaller mom-and-pop units (2-8 units), but not for anything larger.Most owners of larger, more established multi-family properties don’t fall into the category of distressed landlords that off-market strategies usually target.

Our target market is group #2 and it has served us very well. 

Theres so many agents out there you need to find one who is focused heavily on your target niche.