Hi we have been approached to rent out our 4BR/2BA residential home to a group home for at risk youth.

It’s great to see how creative approaches to house hacking are working well for you.

It allows potential tenants the flexibility to explore a property at their own pace while still having the expertise and guidance of a realtor at their disposal.That said, I’m curious about your thoughts on this approach.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

My belief is that you will be challenged to realize a 10% savings loan n your first effort and there is some chance it will cost more than if you used a GC.  

A business partner approached me about it, and I negotiated the deal based on CAP rate.

I recommend you call a local agent or broker to give you a better lay of the land so you understand the challenges/opportunities in this area.

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By facilitating the closing process and leveraging a strategic marketing approach, we increased the property’s visibility and quickly found a buyer.