I noticed Amazon has 5 facilities in Davenport this should help provide renters with pretty solid employment.

I also have managed warehouses and considering purchasing a warehouse or storage facility so if lending also differs for that, could you please let me know?

The reasons being, rent by room is technically a boarding home style of operation, think halfway house, elderly care facility, childrens home, etc. 

First, pick an area close to colleges, corporate headquarters, or other well-known landmarks that offers superior facilities, education, and overall quality of life.

I know of a condo facility here in Savannah that requires all tenants to be approved by the HOA board before being given a lease.

I’m fairly confident in the actual renovation process due to my experience with facility management and vendor relations in the restaurant industry. 

Investors analyze income, costs, financing conditions, market rents, operating efficiency, and other dangers in order to assess cash flow potential.Increased revenue from tenants, extra sources such as laundry facilities, parking fees, and storage rents, as well as mortgage payments, property taxes, insurance, maintenance expenses, utilities, property management fees, vacancy allowance, and capital expenditures.

Purchase price: $125,000 Cash invested: $125,000 The Lakeview Creamery in Pepin, WI is an old Creamery that has been turned into 3 short term / mid term rentals, a boutique retail space, and a storage facility.

The hospitals bring in lots of homebuyers and renters relocating for work and to be close to medical facilities. 

@Tim West Yes - exactly my vision would be a different feel - community gardens, laundry facility, perhaps a guest suite that they could rent for overnight guests.