But because he raised rents each year, and rents were increasing by ridiculous rates, tenants constantly moved, had to sell the property at a loss several years later due to constant vacancies.Finally, the most interesting situation I ran across was a tenant, a 93 year old tenant paying rent on a 2BR apartment for $90/month.

My husband and I are most interested in STR air bnbs and Apartment buildings but also love the idea of flipping for BRRRR. 

I am excited to be a part of the BiggerPockets community!

It is a paid service to be a part of, but generally if they are in the BP community, they likely understand investing more than the average agent out there.

We turned the 4 bedroom, 5 bathroom property into a 6 bedroom, 7 bathroom property, plus a caretaker's apartment.  

As for rent, the three parties agree on a fair rent for the apartment and that is what you pay the partnership every month in rent.

I'm in New Jersey and recently listed 3 apartments in Newark, NJ . 

This could be a huge opportunity for investors who can find cheap conversions (think: a SF with an existing in law apartment).

Well the family members trashed the apartment and left me to clean it up and rehab it.

It's a part time job now.