I have a storage room that is old and worn (leaks rain and has a smell of rat droppings) that I have a plan to tear down and rebuild in the near future.

Anyone here have experience with Rent by the Room in CLEVELAND HEIGHTS?

I would contact other facil and see if they are looking for more spaces. 2) Co-Living / Rent by room strategy - I would try to turn that half bath into a 3/4 or full and then it could work very well.

Also, apart from hardwired vs wireless, I still have the option of alarms in different rooms being interconnected (i.e. if one alarm goes off, they go off all over the house).

Not as a trainer or guru but as a Back of the room Vendor ( Lender to the students looking to fix and flip or BRRR) the high profile guru's just take a page out of Amway and MLM .. huge budgets professional actors as there front folks .. presentations that are geared to what everyone wants financial freedom and more time with the kiddos thats the hot buttons..

Cleaning fee: they cleaned, but still very dirty. 12. carpet damaged in 2 rooms, yes it is old carpet but in perfect condition before they move in.

We live in the front half and airbnb the private entrance 1 bedroom, 1 bath, living room (hotel suite style) back half that is separated by a door that we deadbolt.

Hello BP community, I am curious if anyone has come across a lender that will give a loan based on renting by the room and using the rental income as estimates in the loan?

You do have to furnish the homes and stay there "some" of the year, but after the 1st year you could convert into long term rental or SRO (Single Room Occupancy or PadSplit model). 

I don't have much, it's just my owner occupied 3bd 2bth SFH renting out two rooms generating a total income of 1400/mo.