The property is located near two colleges, so I’m focusing on student tenants and planning for 12-month lease terms.Do you have any tips or advice for renting by the room?

Here are some practical tips and insights based on my experience managing a real estate fund and working in this field.First, setting realistic expectations.

Which areas of NJ are you referring to? Yes

.- Books:  We have a mix of books including some local area/regional stuff, some fiction, and kids books.- Kids Toys:  We advertise to families and have another 2xKallax cubes full of toys that won't break and are tolerant of missing pieces, but are easy enough to cleanup:  lincoln logs, blocks, hard animals, stuff like that.   

Here are the top 10 tips to find the perfect house-hacking investment property in the Windy City:1.

As an aside, my laundry pods for the guests and liquid for the turnovers are "free and clear" and have never gotten a complaint.I have had guests break into my owner closets, but oddly never steal (they were kids probably looking for liquor). 

So I just wanted to present the raw facts, hear everyone's opinions, and obviously gain some knowledge and tips from investors! 

I used dealcheck on a multiunit in the area and played around with it till i could cash flow positive $250/mo. With a 3.5% fha loan i would still need about $14,500 for a down payment. Any advice on creative options t...

If you are not well capitalized, meaning you can not pay off the loan if called, stay away from sub to.  Yes