@Julie Hill Since it looks like no one's mentioned it yet, this might give you a quick insight into good markets.

Thanks for your insight Victor.

We are purchasing a flip property in Cape May, NJ and the septic system may be undersized given the addition of a guest house to the property.

If you can get your loan amount up to $75k and value $100k+ you should have additional options.

If over a year, and especially during a renewal, they have additional protections. ”getting out of the real estate business” in 1482 would mean moving into the property yourself, or renting it to an immediate if family member.

_____________________________________________________________Current Rents:House: Basement Apt: Current owner occupies $0House: 4 bed, former BnB, currently 1 room LTR, frequently STRs (travel nurses) 8001 BR Apt: $1000Studio: 900Cabin 1br: 1000Cabin Studio: 700Current Gross Rents: 4400___________________________________________________________Potential Rents - All rents are currently below market*:House: Basement Apt: Owner occupies $1500 ($0)House: 4 bed LTR $2800 STR $5500+ BnB 20,0001 BR Apt: $1500Studio: 1200Cabin 1br: 1500Cabin Studio: 1200*There is an addition attic apartment unused: 1200Potential Gross Rents: LTR=$9400 - STR=$12,100Tax:530/moInsurance:250/moAssumptions: Small family wanting to househack and come as close as possible to no monthly expense.

Additionally borrowers could be asked to go once step further and provide copies of 12-24 month bank statements reflecting where the payments were withdrawn from.

But this can be a significant additional source of income because people are generally willing to pay pet rent.

I am looking to invest in the future for additional income for retirement and to help build something that I can past to my son.

Is anyone familiar with this type of rental property or have any insight of the senior housing market?