Hi Michael,I like your thoughts of building a large portfolio because it's very important in sub $100,000 markets like Ohio.A large portfolio = A safe portfolio.Personally, I've always been a big believer in buying with cash.Less is more.Once you gain experience and understanding the true income vs expenses of your portfolio.Then look at using leverage for faster growth.It takes many years to learn a market along with establishing a solid understanding of it's "in's and out's" from a people/team perspective.As investors we should always reverse engineer and protect the bottom line first and foremost before looking toward expansion and growth.My "cash only" mentality has served me well over the years in my businesses and real estate endeavors.Especially when things turned South and they always eventually do.Start slow, start small, buy with cash and build from there.Just my opinion and wishing you much successps.

Or alderman allowing case by case currently city wide but the regulations would make it a right of property owners without alderman approval needed? 

Like Scott, I think anyone posting here knows the answer, but for the readers I will reiterate.For many established syndicators, retail investors are far more lucrative to the GPs than institutions, in the fees and carried interest they can charge.  

@Olivier Colson You will first want to find out if the locality has any “Just cause” regulations that prevent you from non renewal, or any other provisions that may keep a section 8 tenant in place.

Establish Your Goals: Make sure your objectives for house hacking are clear.

we live in Ontario and invest in Detroit and toledo where the numbers are excellent. we have established teams on the ground in both places working without a great team on the ground is a recipe for disaster. more the willing to share what we do and what we have learnt over the years with anyone who wants to chat.

To navigate, network with local real estate groups, build relationships, use online listings, conduct remote due diligence, hire a good property manager, establish trust, and use resources.

Renting out rooms in a single-family house may be subject to special regulations in some places.Have a well-defined plan in place for room rentals.

The Establishment Survey (businesses + gov’t) showed that the US added 206,000 jobs in June, slightly above expectations.

Quote from @Jeffrey Abraham: What is the NOI on the facility and how many rooms are you renting I think you could do it as a dscr loan and refi it with a hedge fund and get 65% cash out and close with 14days Established and competently run assisted living facilities aren't ever NOI/DSCR-constrained, so that's not important for the asset class.