We're currently under contract with a builder for a spec home + the lot next to it (so we'll have over 2.5 acres) and have discussed having him make some small changes which will up our costs a little, but definitely bring us joy.

realize that inspectors feel they must find something.- i suspect you will learn a lot.  

The property is 2 hours away, but it feels like I’d lose a lot of control.

The headache of playing peacemaker between 3-5 unrelated tenants doesn't sound worth the premium management fee; not to mention rent by room generally brings in lower quality tenants which require significant more management.With that said, higher rates are pushing investors toward rent by room simply because it's the only option for cash flow (at least in Denver) which is why I have so many folks reaching out.If you currently have rent by room investments or perhaps you're a PM currently offering rent by room, I'd love to hear your feedback and any advice you may have. 

Perhaps a nice 1950's built bungalow.Always hire a 3rd party property inspector to give you an unbiased feel for the home.

You have to practice and find smart ways to move around PPC/PPL is definitely something I’m keeping on my radar, it’s great to hear that it's working for you and bringing in motivated sellers.

Already helps a lot if you're bringing a deal to the table...

We can help with mortgage planning once you are ready feel free to reach out and connect. 

Again I am just bringing this as an interesting discussion.

I am ready to collaborate and (literally) venture into amazing and profitable relationships! Let's win together.