And even if they do, they have to be fairly motivated to be willing to do so (even if you've built rapport and all that good stuff).If they are motivated, usually that means the property needs work and they almost certainly won't lend over and above what you buy the property for.

And in the same complex later built units had individual heat pumps and hot water heaters which the unit occupant pays. 

The best place to start is with a spreadsheet that has every every cost itemized. 

Co-living provides built-in diversification, lowering your financial risk compared to single-lease rentals.5.

And once you get a sizable amount built up in there look at some of the higher interest accounts that they have.

Type Line Item Fee Fixed Fee Collected Rents 10% of All Collected Rents New Tenant Search & Onboarding $600 Variable Fees Business Hour Service Calls $90/hour + Materials Cost + Tax After Hour Service Calls $120/hour + Materials Cost + Tax 3rd Party Coordination HVAC Cleaning & InspectionGutter CleaningSpring/Fall Exterior CleanupSeasonal Mowing & Weed TrimmingSeasonal Snow PlowingGeneral Contractor Negotiated Vendor Cost + 10% Oversight Fee  

And addressing my item #1 comment, almost always, when a "distressed" homeowner is approached, they initially are grateful to have the loan brought current, but before long they forget the circumstances they were in and you become the bad guy that stole their house.

The home was built in 2006, great neighborhood, close to the highways, close to everything new that is being built, close to a military base.

Co-living provides built-in diversification, lowering your financial risk compared to single-lease rentals.5.

And lastly, by doing more of a new build focus you can always exit since you built below market in the area.