Right now you have a market where existing landlords have all these properties at cheap prices where they can afford to charge less for rent than new buyers and many don't want to shock their tenants by jumping rents by $400+ in one rental cycle... so we are gradually easing those tenants upwards each year.  

I was hoping the perfect solution would just fall from the sky.

International Students are moving because they claim they cannot afford it, coupled with tuition fees.

You can’t stop folks from calling so best to figure out a solution on your end.

For your scenario, you would be able to afford $8300 monthly mortgage assuming no debts. ($200K/12 months = $16k/ month of 50% = $8333.

For those who are unfamiliar, PadSplit is an affordable housing tech startup that provides a house-sharing service for working people.

The solution I give them is to narrow their focus on a specific market, study it, and get to know what a good deal looks like.

If that would take too long or I can’t find a solution that would be profitable I’m considering leasing the land.

Inst ($285.00) ($1,943.52) 3/31/2020 ACH ORAM-2910BROUGHAM- Little Pay Mowing Bill Maintenance Expense-Cleanup, blow clean, extra services ($85.00) ($1,658.52) 3/30/2020 ACH ORAM-2910BROUGHAM- JEA Bill Utilities-01/21/20 - 02/19/20 ($59.37) ($1,573.52) 3/28/2020 ACH ORAM-2910BROUGHAM- Crossmen Home Inspections, LLC Bill Maintenance Expense-Locksets replaced and fire extinguishers place at move-in ($50.00) ($1,514.15) 3/28/2020 ACH ORAM-2910BROUGHAM- Crossmen Cleaning Solutions, LLC Bill Maintenance Expense-March 7-10 Maintenance Cleans ($30.00) ($1,464.15) 3/25/2020 Check 3.26.20ALL ORAM-2910BROUGHAM- JWB Property Mgmt Bill Management Fees- ($169.90) ($1,434.15) 3/20/2020 Online Bank Transfer ORAM-2910BROUGHAM- JWB Property Mgmt Bill Tenant Placement- ($1,699.00) ($1,264.25) 3/12/2020 ORAM-2910BROUGHAM-2910BROUGHAM Coker, J.

There are many out-of-the-box solutions available for many industries.