The topics, the professionalism and the knowledge you gain from REIA is absolutely priceless.We meet 3 times monthly including a round table 1 on 1 for dinner at Bigboy and Breakfast at Uncle John. 

While people certainly do get away with renting out each room separately, on individual leases and with more than 3 unrelated tenants per house, it is not technically legal and is a much harder rental strategy than just renting out the house to an existing family.

Our strategy is a 3-5 year flip that when you add up the cash flow, the tax savings from depreciation, the mortgage debt pay down, and the fact that we bought it under market value and that we are selling it on a lease option so we don't need to pay realtor fees and have minimal closing costs, our average total profit over a 3-5 year period is round 60k per property that my partner and I split.  

That seems like a pretty round number.

Terms rounded for ease:  duplex value $125k so 80% would give me 100k...conventional 30 year fixed 5.75 with $5000 closing costs.

We’re working on a house in Round Rock with a similar situation.

I think these community banks might be the ticket, especially after recent legislation. 

First off these are illegal in my neighbourhood, and secondly, even if I tried to get away with it, the city is aggressively trying to get rid of these and it's simply not a risk I'm willing to take.Therefore, I need to rent the house as a single unit, and I will likely end up with a number of student applicants, and I'm not sure what the best way to screen them is. 

It's important to do this before the next round of funding or draw payments are issued.

The kinds of people who are going to come to Raiders games will buy their tickets online before they even get on a plane or jump in a car to come to Vegas.