Condo's typically are cheaper entries but have additional HOA costs which usually eat profits. 

Would generally love to connect with anyone who has experience in the rent by the room model as this is my first time using this strategy.Thanks in advance :) I would rather eat gas station sushi then invest in a rent by the room property in Cleveland Heights.

Depending upon the size of the deal a hard money loan might eat 25% of the profit.

Service animals are included in the act.

Placed functional antiques in every room, an antique persian rug, a few animal skins.

That is why people describe the commercial space as more of a dog-eat-dog environment.

If you can’t or don’t want to use the screening company, put a pet agreement in place, collect a pix of pet, vet records, the agreement (you can find on online) and collect the appropriate fees.Please don’t forget about ESA or Service animals.

They can cash flow but are a different animal from a class a for sure. 

Give your family 1 fish to eat 1 meal  or teach them how to fish to eat for a lifetime? 

You could end up paying holding costs like loan interest, property taxes, and maintenance for longer than expected, which can eat into your profits.Then there's the issue of selling for less than you expected.