There’s huge retal income potential if you nail that balance between improvements that wow tenants and improvements that merely look fancy but don’t justify higher rents.I’d also keep an eye on how your high end plan fits the local demand.

But if you can find a good operator and feel good about the asset, then private money lending can be an excellent way to invest passively.

You provide an excel sheet with basic information about the companies and they return all the contact info you could want for about $0.15 per lead.I have not been able to find an equivalent for Canada.

The feedback I've received from people is that the legal side tends to be excellent. 

Hospitable, hands down, is an excellent PMS.

MarketFinder: Helps you identify potential markets across the US that fit your criteria for investing and shows you this info below plus more based on zipcode, here's an example for a zip in Denver. https://www.biggerpockets.com/marketsDealFinder: Once you find a market you can dig into specific homes on the market at  https://www.biggerpockets.com/deals

Hey Joanne, you’re definitely onto something with room rentals.. it can be an excellent strategy for offsetting a hefty mortgage and, in some cases, bringing in higher total rent than a single lease.

.✅ Do your research to learn what is realistic.Spend time really considering what type of business is going to be the best fit for you based on your experience and how you want to spend your time once you are the owner.

Also, if you were in our position, what questions should we be asking the lenders to make sure it is a good fit?

That is all we use it for.Negatives are we still use home made Excel spreadsheets for business expense management.