“Your success is only because you started back in 2025 when prices were lower, it was easier, etc etc.

That would set you up and make it easier to scale to another or larger project.

From the side of being a sponsor and having worked with almost all of the firms being discussed to get investors into our fund (I can say quest was great to work with since they are no longer around), there are those that are definitely a lot easier to work with than others and some really drag on the paperwork process whereas others are great.

Being clear about what you want to do from the start not only helps you stay on track, but it also makes it easier to spot problems or delays before they happen.I totally agree that talking to people is important.

The investment is a little bit more upfront since you'll have to furnish the room and bathroom fully, but you may be able to command a higher rent each month since you're covering all utilities, WIFI, and providing all the furnishings.Either way, renting out the room is a great idea and I'm sure it will be helpful so you can rest a little bit easier while you save to move to Lakeview, eventually :)

Some other other options to consider that may be easier, would be these: 1) Take your $840k and have a money manager at Vanguard, Fidelity or Schwab invest it in individual bonds at a 4-5% return. 

incredible!

It's a lot of work upfront but once the team and systems are established it gets easier and as you get better you can expand to another city. 

My best that I expect beat virtually all non commercial residential is over $20k/month- incredible rent growth.  

Quote from @Matt Weddon: Really what generated this question was a section from Brandon and Heather Turner's Management Book, which has been incredibly informative and helpful.