Because for a certain type renter it’s just SO easy to continue renting fully furnished rather than having to spend $20-40k on furniture; come up with a down payment on a house purchase; and or worry about repairs and maintenance.  

Also, sometimes they travel with their family so it may be beneficial to rent it out by the unit and not by the room. 

Also make sure to build on a property located in a desirable location with larger pop density and if holding for rentals, charge median rent for that market as lenders want to see a bigger pool of buyers/renters available to occupy/sell. 

If you buy good properties in good locations you can do fine in Buffalo. 

I would not renew their lease then find someone who can pay their rent on time and will obey your rules.  

At Rent to Retirement, we’ve been helping investors navigate these challenges for over a decade.

My buddy fixed up homes and rented.  

Once you complete and rent/stabilize, you should easily be able to get into a DSCR loan.

We've looked at doing this for a land development fund, horizontal development fund, subdivision I think is best as SPV for new construction or build to rent, I've been talking to groups but it seems horizontal lot development in the south east United States is getting the most interest from an equity perspective. we want to set that up this year. is your experience more in syndication for debt or equity and what types of assets and strategy?

The BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) could also be a great strategy to recycle your capital.To find deals, try direct mail campaigns targeting absentee owners or distressed properties, or go driving for dollars in neighborhoods with strong rental potential.