Since they're low income/tax credit, they just don't make the kind of money needed to pay those huge premiums.

Back then, the market was more stable, interest rates were below 4.5%, and distressed properties sold at significant discounts.Today, distressed properties often sell at a premium, and cash-out refinance rates are above 8%.The best BRRRR deal I can find today involves buying a property with cash, investing in the rehab with cash, pulling out 75% of the ARV and breaking even on rent and mortgage.

Seems a bit high on the exp ratio near 43% but we do pay a premium for our solid cleaning lady, she also stocks supplies, runs errands and other duties for no "extra" charge.

If the premium is worth the convenience for, go for it.

I’ve been around real estate for decades, and I read in The Economist once that in lively markets like Charlotte, folks will pay a premium for a comfortable room if you’re near major employers.A friend of mine tried something similar out in Austin a while back.. he’d inherited a 4-bedroom property and split it into individual room rentals.

If you are going to share lease edits  brought on by local landlord tenant legislation updates make sure to include the location but I suspect edits influenced by tenant interaction will be most helpful to those who read these forums. 

Edit: I don't plan on doing any of the work myself aside from the most basic of things.

When you deliver a PREMIUM experience, especially one so curated for those persons what do you think they will do?

Oh, I'm pretty decent at video editing - just thought I'd throw this out there in case anyone needs simple video editing services.

Its definitely a big cost/premium risk allocation discussion