As a hard money lender operating in the Central Florida area, including Tampa, I can tell you that the market here remains strong, with plenty of opportunities for savvy investors.Tampa's real estate market has been quite active, with demand still high, especially in desirable neighborhoods.

Overall we have vastly more “good” tenants, and the law allows you to get rid of the bad tenants and maintain a desirable place to live for the good tenants who you want to keep.High-maintenance <=> High-Return: Those prior two points drive what I meant when I said the cash flows and NOI should be about double what they are on a “vanilla” MF (multi-family) purchase at the same price point, but it can be a high-maintenance proposition to manage the screening on the front end, the day-to-day management issues, the more frequent turnover and vacancies, and the frequency of needed court filings to get the keys back from a tenant when somebody is not being a good neighbor to your other tenants in the lodging house.Bottom line: We think we were right on point five years ago when we identified that SROs fill a critical niche that is in extremely high demand.

It might give you an idea of the desirability/rental rate for a unit with this feature.Good Luck!

It makes sense, most have no credit, no balance sheet yet  possess this desire to own real estate with no proper direction or understanding of the business  and this is the unfortunate outcome. 

The starting point is knowing what emotional drivers (desires, fears, hopes) lead people to spend money on a unit such as yours.

Is it enough to just visit a couple time to get validation on desired location or is a 6-12 month stay needed?

She desires to "break even."

Hello friends! I'm Val, I'm a full-time therapist, part-time photographer and everyday creative looking to translate my skill set into house flipping and landlording. I recently renovated my childhood home while being...

Financing the deal with private money was effective for quick acquisition and rehab, which added substantial value by making the property more desirable for tenants.The main lesson from this investment was the importance of careful property valuation.

What will it take to exceed the average rental in the area and create a desirable B class rental?