You’re building a thoughtful plan that’s set up for success.

If your numbers are solid, you might even be able to cover the monthly payments out of the rehab budget.This kind of setup works best for properties that need significant rehab, and you need to be confident in your numbers and your ability to get the work done. 

I don’t have an STR myself but have helped a friend set up and manage a couple last year and it’s not as simple as it used to be. 

You may also want to get the fastest internet possible and to set up individual networks by the room.4.

We see a lot of our clients in Denver and Colorado Springs have success with either rent-by-the-room or some sort of basement apartment/ADU setup.

If none has been set up yet, it may be urgent, depending on your situation.Reimburse the owners for business expense.

I think there is so much value in having a supportive network, so I'm looking to set up a monthly lunch for us to exchange ideas, tips, and encouragement.

The property is in a B-class neighborhood, and while I’m comfortable managing coliving setups, I’m curious about any potential nuances around refinancing and insurance for this type of property.Are there specific loan types or lending policies I should know when refinancing a rent-by-the-room property?

My focus is on purchasing a single-family home to set up a lake house or cabin to own and self manage from my home in Bergen County, NJ.

Have your Realtor set up a lockbox there with keys or meet them there to let them in.