While you can’t completely control who applies to live in your properties, you most definitely can find areas that are popular with students, young professionals, families, etc. 4) just as important as finding the property, you need to have an exit strategy in mind for the property.

Love this strategy, many of my tax planning clients are executing this successfully across the U.S.

There are risks and challenges with any investing strategy, so it’s good you’re looking to find those out on the front end but don’t let that stop you because most of it can be avoided with following good advice and adhering to sound investing principles.

id look at johns comments about the rents and tenants. if you want to manage those type and that income class then go for it but there are firms with a bout 1000000x money than you and I and none have a strategy to buy in neighborhoods like that. 

Hello,Im an aspiring Real Estate investor..and I appreciate your feedback to know what could be a good strategy and still being creative if you want to buy a deal with good equity but still important debt? 

What's going to be your strategy for getting your leads?

Utilizing house hack strategy.

Have you decided on your overall RE strategy (flips, rentals, wholesaling, etc.)?

A lot of investors get excited and will find a private lender to fund a project but then never determine what there exit strategy is, or in most cases underestimate the time it will take to complete the project and sell it.

Any insightAll you're really doing is adding living space, just like a garage conversion or garage apartment.Fundamentally this is prepositioning project, and is a solid strategy.