If you go RBTR, here are a few key criteria I've seen to assure comfort of living and lower vacancy / turnover:- at least 400sqft per tenant and no more than 2 tenants to 1 full bath -excess parking where folks aren't blocking each other in and you're not getting complaints from your neighbors about overtaking the street parking.

It's possible to do out of state investing in Cleveland or Akron, but you need to build a team and start networking with folks here.

Folks just need to understand things never stay the same..

I’ve been around real estate for decades, and I read in The Economist once that in lively markets like Charlotte, folks will pay a premium for a comfortable room if you’re near major employers.A friend of mine tried something similar out in Austin a while back.. he’d inherited a 4-bedroom property and split it into individual room rentals.

This doesn't come cheap--these folks were making high six to seven figures depending on volume.We focused on lending to professional real estate investors--so our customers were frequent repeat borrowers. 

I have a list of folks I can send your way. 

Hey @Anthony Sigala many folks might be optimistic about this rule but the "rule" was created during a very specific and particular time in real estate as a way to help newer investors have a framework on how to approach rental properties without going in blind.

But you do have the room sharing.. in Cupertino were you have a huge Asian population I know folks that will put two computer kids in each room for 4 bed house 8 techies and each paying 1k to 1500 a month.. can just about make it work since the houses are 2 mil. 

And most of those buyers dont have a very big down payment /  unless you think you can get bigger BP.. so if these are high ltv loans then no I dont think HNW folks will jump on it.if the LTV is about 60% then that might work. 

For me it was not necessarily that and frankly most 9 to 5 weekend off parents get way more time with the kiddos than self employed folks that are striving to build up their investments.