I personally hate the concept of shared utilities, there is just an innate unfairness about itAnd to be perfectly honest - this is a major due diligence oversight.

(one of the reasons why I believed him when he told me that the SD market was perfect for Lease options) From your experience, What has worked best for you in SD?

Purchase price: $145,000 Cash invested: $60,000 Finding a move-in-ready home that offers modern upgrades and country charm can be challenging—but this fully renovated 4-5 bedroom, 2-bathroom ranch is the perfect solution.

The wrong property management approach will lead to the dreaded three:1) high drama,2) high turnover,3) high property damage.Use Household-led Property Management (HPM) developed and perfected for co-living.5.

@Albert Gallucci, the above responses summed it up perfectly.

Whatever the terms will be made on the $1M, will also decrease that cash flow.In a perfect & simple world I would pay 8% every year if I I was able to borrow $1M.

It's not perfect but it's a good place to eavedrop and read up on what REAL people are doing in this space and what they have learned. =)

Etc etc.Easy living is the perfect way to describe it.

This is a story from my past that provides a perfect example as to why investing in tax liens at auction is so dangerous for any but the most experienced and knowledgable investors20 years ago I purchased a SFR as a long term rental investment that sat on a double lot.  

In a rapidly-rising interest rate environment (such as we've recently experienced) that tradeoff may or may not pay off.Unfortunately, in CRE finance there is no perfect financing vehicle and you can't eliminate risk--you must choose which risk you want.