Hi we have been approached to rent out our 4BR/2BA residential home to a group home for at risk youth.

However, if they can adopt most/all your properties I think you also established a stagged approach to increasing their rent.

Building a portfolio allows you to gain experience, develop systems, develop your own approach to managing properties etc.

This straightforward process allows you to verify encumbrances before considering a property investment.Alternatively, engaging a title company can offer a more comprehensive approach to uncovering liens.

Start to evaluate deals based on the income approach and you'll do much better long term investing. 

I’m curious if you’ve had experience with this approach, and if so, I’d appreciate any insights you might be able to share.Additionally, do you have a real estate agent you would recommend who specializes in investment properties in the area?

Is this a good approach?

I’m considering countering with a price closer to the market value, but I’m curious how others approach deals like this.Looking forward to hearing your thoughts!

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

A HELOC felt like the right approach, but I'm learning it's pretty impossible to find a lender for my situation.