.🚀 Making It Work1️⃣ Optimize Your Space – Converting a living room or office into an extra bedroom can supercharge returns.2️⃣ Target the Right Tenants – Young professionals, digital nomads, and students love co-living setups.3️⃣ Automate the Management – Using systems for roommate screening, lease agreements, and shared expenses makes it passive.Co-living is gaining serious traction in house hacking circles, and I’d love to hear from others who are using this model.

I currently live in Winchester, Va region (BP doesn't have that as an option in the drop down) but open to investing in WV, PA, MD, and Ohio.

In this instance what I would do is get the deed in lieu from the borrower so you ahve the property again and get a note from them but have an attorney draft it to see if you can include a confession of judgment - meaning if they do not pay then you can get a quick judgment and possibly garnish wages.I would also have them put a small down payment as part of the note and only accept a check that way if you ever did garnish you have a copy of a check so you know where they bank.unfortunately you are right they can stop paying on the note and its unsecured so its a risk but out of all the options this is your best option. 

But it would be nice to have an option to uncheck that box this time around since they're already in place.

The second option and the better option (my opinion), partner with a more experienced investor on the first few deals that has the contractor, system and knowledge.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

My preferred options are:1. house-hack with a duplex under ARV; live in one unit => renovate => rent the other unit2. buy a SFH under ARV that could be converted into a duplex (preferably adjacent units vs top/bottom) - I'm assuming the biggest challenge with this strategy would be separating the infrastructure for utilities; and costly.

If you do find a PMC willing to do this, expect to pay quite a bit more for all the extra hassles!

And if you need to move because something in your life has changed, like a new job, a new baby, or a marriage – waiting that long may not be an option.Creative Financing Options in Today’s MarketSince rates aren’t expected to decline as much as originally expected, it may be worth considering alternative financing options that could help you get into a home sooner rather than later.

Quote from @Elwin Green: I seek financing options for the first and third Rs of my first BRRRR project.I have a 2BR house under contract, and have funds available to close (about $32K).Of course, the house needs the first R - Rehab.Is there a lender here who would lend $20K-$25K against a free and clear property for rehab that would raise its value from $34K to $72K (per an appraisal in January)?