How about this idea.What if your Dad sold his hoarder house and put the hoard in several small storage units.Then you and he move in together and house hack something bigger (but that unit is known as YOUR unit--he lives with you).Both share management responsibilities sensibly and also profits and losses as partners.All new hoarded hoard things MUST go into a small storage unit.Or keep the hoarder house and rent it out--but that keeps your down payment cash pile the same.You can buy all new furniture and mattresses at IKIA or Target and have a fully furnished apartment on the cheap.

The big thing is also to rent fully furnished units. kids nowadays just want to move in, mattress have to be legally changed out within every five years. 

We updated the bathroom, painted throughout, updated the lighting, and then furnished the unit.  

I know in MI we are not allowed to communicate with tenants once they file bankruptcy on anything resembling collections.

Anyone who preaches against HELOCs either (1) doesn't understand math, (2) has PTSD from the 2008 crash, which bears no resemblance to today, or (3) works for a bank and wants to make more money off of you.Best of luck out there!

I’m looking at properties around hospitals to cater to traveling nurses or potentially other traveling professionals. Interested in this because of greater margins and easier to rent basements or extra rooms in my per...

@Carson Engelhardt - Is it furnished? 

No worries, though, I'm sure services furnished by the city will get 30% better (eyeroll) 

The owners are moving to Oregon for 9 months out of the year, and are leaving us to lookover the property while they're gone.We have completely fully furnished the unit and it's just about ready to go, but there's certain specs that I'm not familiar with as far as 'owning' an Airbnb.

Came fully furnished.