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Then, if you’ll indulge me, I’d love to pitch an alternative idea that might align with your goals—especially since you’re 3+ hours away and planning to use a management company.The Good: Renting to college students can be a goldmine for cash flow.

This convenience and leverage can justify the higher cost of these loans.Personally, I prefer using a HELOC because I only have to apply once and can then tackle one or two projects at a time.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Quote from @William Dorrough: I currently either purchase and value add large scale multifamily properties or develop, and build ground up my issue with scaling is we have done this without brining in investors i have a great deal flow with a good track record im really looking to do more i have the capacity but have the need for more capital in one way or another  Scaling without investors can be tough, especially in multifamily.

I self manage though and just use handmen for repairs.

This is very common, and highly successful.

How did you find this deal and how did you negotiate it?

Is this a good idea?  

This restrictive definition can pose challenges for co-living arrangements, which may involve unrelated individuals sharing a dwelling.