The Idea is to create a new real estate asset class - the Room Condo. 

@Zach Howard some copy & paste advice below:)-------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Ask them to update your photos and put your best foot forward.If the market is doing well and your PM is marketing poorly, then you have a case for complaint and/or moving to a new manager.

Purchase price: $850,000 Cash invested: $500,000 Sale price: $2,250,000 Purchased , knocked down, built new from ground up What made you interested in investing in this type of deal?

if its a true condo you only buying the airspace.. so any defects in constructin the HOA has to pay to fix.. so the ceiling work should be on them. 

Dallas is a city with a lot of potential to invest in real estate.

We've found that expecting the resident to pay for these is customary, expected and actually increases the likelihood that a resident completes their lease.

Start with BiggerPockets Ultimate Beginners Guide (free).

Buying a new one, changing tactics to LTRs, etc etc.

When I add a new tenant to the lease, the original contract terms remain in place.