You can also rent the units from vendors who will install and service them and will share in profits but at least you don't have to worry about it.Overall I'm a fan of cc payment - scrapping for quarters is annoying, this is 2024.

I just am trying to decide if I need a door and/or wall between the sleeping quarters and the living area to appraise as one bedroom. 

We're thus able to evaluate our rates, and keep pace with inflation, on a monthly and quarterly basis.

Quarterly Inspections needed?) 

I would do a quarterly inspection since they are college students. 

We're also able to evaluate our rates, and keep pace with inflation, on a monthly and quarterly basis because of shorter term leases.These syndication can provide an 8%+ cash-on-cash return - providing you monthly cash flow - and a 15-20% IRR over the length of the project.

But I have long term thinking, not quarter to quarter.

He showed me his cash statements and had a quarter of a million dollars in his checking from a recent inheritance of a deceased family member.

Be prepared the do quarterly walkthroughs or drive throughs.

I'd break even too just to have someone pay off the mortgage and us stay there every quarter.