I wouldn’t think if this is your first property that a rent by the room strategy would be the best starting point.

Long-term single or small multifamily rental would be our strategy to go. 

I love that these homes are in class A neighborhoods, I have seen this strategy work out for investors before but they were at least cashflow neutral. 

With a manageable purchase price and the opportunity for high-impact renovations, it fit perfectly within our investment strategy, promising a solid return.

As long as I understand the risk and mitigated the risk with sound exit strategies, I can let people live in my properties and I haven't had any losses yet.

Whether the lender decides to do anything, and exactly what they decide to do depends on the lenders particular strategy, target ROI, risk tolerance, current interest rates, interest rate of subject mortgage loan, etc. 

And Sec8 sounds great, but comes with it's own issues.Add it all up you get a low dollar, but high headache strategy, which is a challenge that gets amplified, especially when you are operating remote.

@Jacob Hrip For a first-time investor, financing options like a HELOC or private funding depend on your strategy and risk tolerance.

The takeaway here probably boils down to the fact that there aren't a lot of markets that cash flow today with yesterday's strategy. 

Start with $8K through FHA loans, joint ventures, private money loans, crowdfunding platforms, and BRRRR strategy.