Chris SeveneyThank you for sharing your insights.  

We should connect and share info.

Hi BPers...I've previously shared my journey of starting my first RAL home and expanding to own or manage 13 RAL homes.

Mind sharing some contact info? 

I’d love to monitor the location more so please share resources and add me to your newsletters.

My partner wants to exit the property/LLC and I have a new partner lined up to take their share.

But it will help you understand if you like this kind of investing and enjoy the underwriting and stuff.Feel free to DM and I'd be happy to share some more opinions and experiences

They also assume the rent-by-room option is the best way to go because they can get multiple nurses to share a home so they want to buy a larger home, thinking they'll rent out all of the rooms and make more money.

Those that respond “$0” or something ridiculous, you can request income documentation from them to justify.Don’t be afraid to share with them how much your property taxes & Insurance increased and that YOU cannot afford to absorb them.ALWAYS get an increase or something of value annually or tenants will start thinking they should never have an increase, making future increases that much more difficult to negotiate.

Have any tips or pitfalls to share?