If you’re feeling uneasy about the potential headaches, you might consider a local property manager who specializes in room rentals or shared housing.

@Chris RossMemphis is a solid market with great investment potential.

I'm doing research for a potential Air BnB property in the Covington area.

Being an agent I knew the market and the potential it had.

As for the increase in rental potential on the properties.

Potential Marketing StrategiesShould I directly contact insurance companies to be added to their approved rental property lists?

We have honed in on a great property with tons on potential here in Richmond, VA.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Screen your potential tenants.

For a variety of reasons, including keeping this potential project "need-to-know" only right now, I want to get a ballpark estimate with full understanding that the goal posts could move in either direction as the project gets more discrete.