Hopefully I am not being too ambitious given this would be my first ever home purchase.

Website: https://furnishedflatsfm.com/ What made you interested in investing in this type of deal?

Also, as this co-living thing is generally new and catching on in some cities, I would hate to have this whole strategy ruined by a new restriction set by the city for co-living or the crazy rise in mortgage cost from property taxes and be forced to revert back to the traditional route.So my question is for those that are already doing the co-living strategy; are you all buying the home purely off of the co-living cash flow, or are you all considering the cash flow from renting the home with just one tenant as well?

Tiny homes and many manufactured homes are not considered real property so loans on those will not be mortgages but you might look at a SBA small business loan.I am assuming the zoning will allow this kind of operation.

This creates a major opportunity for property owners to develop and sell, adding new inventory to the market.

Hi Even,I don't know about DPA and Grants but I do have a great program with only 3 precent down and low interest rate.

This is what renters insurance is for.

However this new feature shows my payments as income to me.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

This is where sourcing your own deals off market comes in handy.