I have flipped a few deals in the past and done some longer term investing in my spare time.

The problem they are having is that the University of Phoenix is still seen through most peoples eyes as being what I would refer to as a "Daytime TV College" (You know the ones that advertise between episodes of Judge Judy and tell you about how easy it is to get a degree in your spare time).

The general arguments for SFR's that I'm familiar with are - -better appreciation when things are actually appreciating -they are the bread and butter of the RE market, so easier to move them if you want to free up some capital -different quality of tenant that will tend to think of the property more as their home than a temporary residence - if the tenants have kids and pets and accumulate all the junk that one tends to when one has the space to spare, less likely to just pick up and move on a whim -exponentially more SFR's than larger multis, hence many more motivated sellers who will be open to investor-level offers-possible to convert tenants into lease option buyers if you want to use that as an exit strategyYes, one tenant leaving a SFR = 100% vacancy, but one really bad tenant in a multi can also result in several tenants leaving - which won't happen in a SFR.There are convincing arguments in every camp.

Older homes may have asbestos insulation so if you have to find some "workers" to come tear off the roof for you its probably best to spare your health just in case ( i dont know if that sounds right, but I probably tore out asbestos or worse without knowing just to make a fast dollar and I have no one to blame but society and myself) Back to the subject at hand.

i currently make over $1,100 a month renting my spare bedrooms out to peers.

Mostly because I've been scouring the MLS looking for deals or checking on our current rehab houses any spare moment I have.But, I'd like to take a moment and share my story and progress in hopes to encourage some of the younger or newer investors to take action!

Hello,Feel free to spare 10 seconds of your time and view my profile to tell me what you think.Spend another 10 seconds and click community on the menu bar, then click find companies, then locate my company DCRE INVESTMENTS, LLC (website and other resources under construction but coming soon) to a theater near you, parental discretion is advised. lol!  

How I Turned 1000 into 5 Million in Real Estate in my Spare time10.

If you house hack and rent spare rooms, then it can make sense but that is an entirely different calculation because you are living there.

I’ll spare the details about the rattle snakes in the lignite pits on the property and lots of other places.