It depends on where you want to live, income, personality, and other factors.You could buy a large home and rent out the individual rooms to cover expenses, but this comes with problems.

I’m very glad things didn’t work out.Lastly, Zach’s partner, Daniel, who seemed to be a more level-headed individual didn’t help matters any.

It was suggested that we create an operational company that will lease rooms to individuals in recovery.

@Bob Asad I like the individual sub account method escrow account, but there are multiple different ways to hold security deposits and multiple laws in different states.

Prices are a little soft in Memphis at the moment, but I think that will change when interest rates go down some more.

I've Been renting all four rooms in my house out individually for about 10 months now.

Best bet would be a “partnership” with a monied individual looking for a high risk/high return passive investment with you providing the “active” part.  

When we built up the triplex, we set it up so that each of the 11 rooms can be rented out individually (all BR, except 2, have their own bathroom behind an electronically locked door).

At the end of the day, both of these respective vendors/individuals are paid when the deal closes. 

We have done it both ways where we fund purchase and they cover rehab but if the individual is less experienced we do not do it that way, we have them put more money into the deal from the start and fund the draws, reason why is we also had a deal where the person said they would do this and never did anything and property sat and loan matured and it was a pain.Just recognize you will still not get 100% financing for the purchase, so you are putting money in up front.