I found it through my realtor.

I don’t see where a rental would make sense, so I’m trying to look at other options to cover the monthly payments until the market goes back up.  

You'd think with all the information out there that it would be harder to pull the wool over people's eyes.

Norfolk is where the majority of multifamily inventory is located, Virginia beach is zoned much more single family. 

@Curtis Cutler Avoid cashing out your 401(k)/457 to minimize taxes and penalties, potentially up to 40%.

My buddy just got burned by someone borrowing from multiple people where the others weren't aware of each other and they thought they were the only one lending, etc.It all comes down to how well you REALLY know each person in the deal, and then, "do you REALLY know them?"  

You could also add a clause about your ability to terminate the lease if they cause problems in the neighborhood, don't cut the grass, etc.

Quote from @TJ Dittmar: Covering the mortgage isn't sufficient.

It's essential to do your due diligence and perhaps consider investing in more established or upcoming neighborhoods.Property Taxes: New Mexico's property taxes are relatively low in comparison to other states.

For co-living spaces, it’s important to confirm that lenders are comfortable with the unique rental model, as it can impact property valuation.