I definitely agree that rent by the room is awesome for increasing cash flow - again, it does come with it's headaches but with the higher risk comes higher reward (I've been doing it for almost 3 years now, it's really the only way to make the numbers work with little cash down on properties).From my personal experience, talking to others at meetups, and reading this post, I think there's definitely demand for specialized rent by the room property management.

With inventory tightening and competition increasing, what strategies have been most effective for sourcing truly undervalued properties?

The problem is that the number of middle income seniors, aged 75+ years old will increase from 8 million to 14 million in 5 years (by 2029).

This really has not changed much but has increased since a few years ago everyone was pushing overpriced deals.So if you want to make the most money in real estate - you do not need to learn real estate just be a good sales person and fake it till you make it.  

I am in Ontario Canada, but looking to explore the Ohio market due to its proximity to Toronto and very attractive cap rates. 

This is unsightly and can attract pests. 

That is assuming your DTI can cover the increased mortgage payment.If you have use for that extra $100k that you would get back right now then don’t wait.

They talk about some secret way to increase your bookings, there is no secret.

Is anyone seeing a sizable increase in pre-foreclosures in their market yet?

@Ryan Williams - Leverage always increases your returns.