Hi there,In the process of searching for our first rental property and saw a couple prospective properties yesterday.Thoughts on making a currently single family rental into student housing..Current tenants-month to month rent, been there 3-4 yearsHome is in a prominent student housing neighborhood, would increase rent significantly Would you chance loosing a paying tenant to try student housing? 

I'm in a beach market so that isn't an issue for me since its so seasonal.Proper is the gold standard for this type of insurance but you'll pay like its actually gold :) 

Even your price drops might still have you priced higher than comparable homes.Lower your price, but never your standards!

There would be somethings I'd like to just mention to them to see if it would help increase their business, but otherwise let them grow and we just have a percentage.For example, this could be part of the structure.

That's awesome you have been able to increase the rent rates beyond expectations, secure an off-market deal, and leverage yourself as an agent.

Be extremely conservative - assume very low rent growth, very low appreciation, and fairly stagnant interest rates, meaning minimal opportunity to increase cash flow through a refinance. 

Hi Travis, You absolutely could increase your renovation sending.

I sold a condo here, really wanted to keep it but HOA was badly managed, 4 increases to HOA fee in 2.5 years.

Is there any room to improve your current rentals and increase rents?

Your landlord could increase your rate at the next renewal, or your landlord could sell and the new landlord could renew at the market rate.The sooner you begin house hacking the sooner you'll find out if real estate is the path for you.