The deal is risky unless you know the market well, have experience executing this strategy, and have accounted for the quality of the asset and tenant. 

The first thing I ask is why am I Buying the property.I always look at the exit strategy first, is it going to be a rental, a lease option sell, am I planning on living in it.

If you're looking for an agent who understands investment strategies and moves quickly on deals, lets connect! 

Start with the end in mind --- what would be the investor's exit strategy for this home? 

From my experience working with over 400 investors, consider alternative strategies like rent-by-the-room, buying an SFH with an ADU, or renting where you live while investing elsewhere.

Talking to others also gave me insight into different markets and strategies, which made it easier to figure out where I wanted to focus my efforts.A simple tip I’d give is to start small and grow gradually.

Focus will be your superpower - figure out which strategy you like best and double down on that! 

However, co-living allows you to acquire properties with as little as 0%-5% down, drastically reducing the amount of cash required.Instead of needing $100K+ to buy a rental, a co-living strategy lets you start with a fraction of the cost while achieving higher returns.3.

Also the strategy you are implementing plays a huge part with how to proceed. 

I work mostly with investors doing just what you are seeking, the BRRRR strategy.