NOTE: The signatures of the parties above apply only to the agreement of the parties to alternate dispute resolution initiated by the contractor.

My day job is Marketing Director for an international tea company, but I'm looking to add an alternative revenue stream. 

@Ray Agosto, I would look into the permit costs to add bedrooms to the basement as well as the code requirements (i.e. having closets, recessed windows, alternate exits, etc).

Let me know if you have any specific tax questions.Just so you are awarePA does not follow the federal guidelines for 1031 exchanges(does't apply in your case if you are flipping but i thought i'd let you know if you were thinking of alternative exit opportunities).Also PA does not recognize NOL's at the state level for individuals.

I would really like to create an option for those seeking a private alternative to hotels, but is this a can of worms?

The property I purchased was originally my residence and it now a rental but for all intents and purposes I am brand new to real estate investing.I would love to hear from those who have used either of these strategies or any alternative ideas.

Alternatively, use the BRRRR strategy to rinse and repeat so that you can get the maximum out of your initial investment.

If I can figure out how to get private funding or alternative funding of some sort (price is too high for anyone to loan as a SFR), is it a good idea to buy it?

You will hear others on hear call it a fad but I’m not so sure as more communities are cropping up and it’s an affordable housing alternative for some that want it.

If you want to PM me I can share details on my own experience and also put you in contact with a few people that do alternate types of investing for out of state folks such as yourself In the end...I would take the time and money back and invest it in networking and building my own team.