Later you could convert to student housing.This is rock-solid advice.

Another option is renting to professionals or students who need a place for a few months.

I stayed mostly with Multifamily as other sectors like Student housing, Senior care, Hospitality and NNN have too much risk for me. 

For instance, a property in Windsor Terrace purchased in the year 2000 for $140k is now worth $1.2 Million, conservatively.A more recent purchase, a Brownstone I purchased in 2015 for $900k and renovated for $300k, so all in for $1.2k is worth $2 Million now.Do keep in mind that past performance does not indicate future performance.However, these kinds of numbers are very typical from 1998 to now.When I was teaching, I used to ask my Investor Students, "What is a Bargain?"

If they can’t provide evidence of this, or a Visa (student, etc) that authorizes the duration of their stay, then they’re here illegally.

The house is rented to college students, with the parents paying and dealing with everything.The house had a burst pipe and water damage in the shared bathroom in August of 2023.

We have a lot of investors that rent space  as Airbnb (limited to 400 units)  and room space to students from a local ministry school, as well as others looking for more affordable options.  

We spent about $9,500 on furnishings including furniture, electronics, kitchenware, bedding, towels, etc. for our 2/2 condos.Lastly, Furnished Finder is known for providing tenant leads for travel nurses (about 40% of their travelers are nurses), but a broad range of professionals, relocations, students, and others use it too.I hope this is helpful to you, all the best!

And half of American renter households spend at least 30% of their income on housing, which is up sharply since 2000, according to Harvard University’s Joint Center for Housing Studies.

Plenty of my students are doing just that.Yes, you can absolutely make several deals in 3 weeks.