Also, since this is your residence the economics are slightly different.

The trifecta is making the owner and property manager happy, compensating for the extra risk, issues, and potential repairs, and encouraging the resident to limit the number of pets and be sure they are not damaging the property. 

Investment Info:Single-family residence fix & flip investment.

Close to your primary residence? 

The land is unbuildable for residences and we build these storage workshops on the properties.  

This will result in inspection results that more accurately indicate property conditions and promote better living conditions for residents.

@Brody Veilleux You’re right—FHA loans are only for individuals and require you to hold the property personally as a primary residence for at least the first 12 months.Transferring to an LLC:1.

I work with a lender that allows that as long as we can document some explanation that the borrower doesnt plan on occupying the home as a primary residence.

One note is that if the property was helping cover my costs of living while I house hacked it I wouldn’t worry about negative cash flow while I resided there.

Investment Info:Single-family residence fix & flip investment.