He had been renting space in his apartment before we bought our house and knew we wouldn't need all of the space.

I don't know how much demand you have where you are - in my market there's probably 50 renters looking for every house that comes up, so I have no problems getting a unit rented - but if you have low demand and don't like the idea of having a unit vacant even for a few days (how do you clean, paint, and do a turnover without some space between tenants?)

Hi folks I'm trying to better understand MF investing and possibly develop a strategy that makes sense if it's the right path for me.So there seems to be a sentiment in the real estate investing space that it's best to get into multi family at some point.

Square footage of rentable space also necessary, garages, utility costs.... ; a lender can help you calculate we have lots of tools that we pay for; find an appraiser who needs you to pour his coffee and pick his brain.

In order for it to work (numbers) I would have to go in and convert it to 4-6 smaller units by extending the structure a bit (space allows) and reframing to allow for multiple units.

I find it best to instead review costs based on scope category budgets 1st- ie kitchen/bath/open space/mechanicals/landscaping etc. then new construction shell scope budgets including pre-con.

we are new to REI but want to start in the STR space, specifically downtown in our city.

Exit strategy, refi and repay private investor.Acquired via HUD auction. 3/2 ,1700 sq ft, 1/4 acre lot. rehabbed, crawl space with vapor barrier, new flooring, HVAC, bathroom fixtures, paint and doors.

Also, it's much easier for developers to provide a higher supply of units on a single plot of land, whereas one SFH may take up the same amount of land space.

So the chances of someone getting hurt bad go up a lot with those type of places versus a school where mainly kids are being taught a certain martial arts style and some parents take along with them.There are varying business models within the martial arts community so important as a landlord to research what type is interested in your space and why.Also important to know if the school owner has shown success with a bunch of other locations or is this a franchisee that is learning the business on the location they want to occupy with at your center?