If somebody could get a deal every time they sent out 1300 letters then they would be sitting in a pretty good position. 

You just need a good property manager.

Hey Rebecca, I'm a broker and investor up in Sacramento and manage about 100 investment properties (STR and LTR).Many of my clients are high W2 earners seeking "bonus depreciation" to offset tax liability by investing in STR.

It does happen but many carriers also don't count $0 claims against people.Have a good day Ken and good luck. 

Good luck, Chris  

My main concern is the interest rates being so high now as to whether what I'm hoping to achieve is really even possible. 

Sharing that room will raise bring in 50% more.  50% is good. 

Traditional deals often don’t excite investors—offering $200/month in cash flow isn’t very compelling.But with co-living, you can offer 5X the returns, making it much easier to secure funding.Now, instead of asking an investor to put up a 20% down payment for $200/month cash flow, you can pitch them a 5% down investment yielding $1,000+/month—a much more attractive deal.Why Co-Living is the FutureCo-living isn’t just another strategy—it’s a high-demand, high-cash-flow, lower-risk investment model that aligns with today’s rental market trends.

But to really answer your question - from an outsider's view - things have tightened up and continue to be tight....deals are harder to find, and interest rates make some good deals just average.  

So the question is whether your house is a good rental investment long term.