The property is in a B-class neighborhood, and while I’m comfortable managing coliving setups, I’m curious about any potential nuances around refinancing and insurance for this type of property.Are there specific loan types or lending policies I should know when refinancing a rent-by-the-room property?

We were in a hurry to sell the property as we were in the middle of COVID.

I wasn’t notified about this change until I saw it myself.When I asked why, they said the home inspection found some issues that were fixed and re-inspected, but I’m confused why this would result in a rate increase.

Agree with @John Morgan, we operate in a very similar way.

Specifically, I’m looking for tips on where to start and how to effectively implement digital solutions in a way that aligns with our needs.I’m also more than happy to share my own expertise in architecture and real estate development, wherever it might be helpful to this community.Thanks!

But I would say I have the personality for it and we were in a good position to take advantage of it.  

It is in a northern MI Downtown area (opp zone) in a county seat with 2 hospitals, had it re-zoned to mixed use, and is considered blighted which makes it eligible for MEDC funding of up to 50% of project cost.It is 8k sqft (4,000 each level) with the lower level being a walkout (top level is street level with sloped drive down to the rear of the building).

We don't want them feeling like they are caught in a whirlwind, right?

Renovating and flipping in a monthWhat was the outcome?

The LP protects against this as well as losing everything in a potential law suit.