It's one of the last few "affordable" areas near downtown Denver.Are you buying as a primary residence, looking to house-hack with the studio out back? 

You can quickly see why looking at this graph - https://www.visualcapitalist.com/buying-vs-renting-house-in-...You can see how in 2015 the average mortgage was cheaper than the average rent, so it was easier to make the math work with light value add and just buying single family homes.

Quote from @Erica King: Hey hey so I’m a single mom that started house hacking a little over a year ago .

The modeling of this is actually pretty easy (see link: 42-unit proforma sample), but my model treats the pre-refi loan as I/O, but that can be updated based on your deal.

Suggestions like driving by the houses weekly are silly, such trips serve no legitimate business purpose. 

We have a chronic housing shortage in Milwaukee.

Here’s how I’m currently thinking about it:The interest rate on my existing property is 3.5%, so I’d like to maintain that rate rather than refinancing the entire loan.

It seems like he needs sometime of supported housing as I don't think he has the mental capacity to take care of himself without supervision.

I've helped people with SBA loans to purchase real estate for a business, but for buying rental real estate, the DSCR loan is a much better option.

If you ever have questions on landlord software or student housing, I'm a great resource!