When there's tenants already occupying the property, there's often times different leases that were signed among the tenants.Additionally, renting by room usually sees higher tenant turnover which in turn causes more work for the PM.Other challenges to consider:- Disputes/conflicts among tenants (different personalities if a tenant doesn't know the others prior)- Occupancy limits- Splitting utilities (what if someone uses more water?)

Purchase price is 500K + a 25K concession, provided the property can appraise for 525K.

Check out Airbnb for the most accurate rates

It's for the tenant's benefit, but you will benefit from it over the long-term.

@Dwayne RamseyHey Dwayne, thank you for your advice.

I have negotiated short sales for myself as the buyer with the banks for 14 years and have seen this quite often. 

A seller and I are going to be under contract soon for a 13 acre parcel in middle TN.

@Kristee BadetHouse hacking involves living in a multi-unit property and renting out others, potentially offsetting mortgage costs and allowing savings for a personal home.

I’m all in for sharing insights and learning from other like-minded people.

About to close on my first investment property in the coming week, 4-unit in outside of Madison, WI. Looking to have some repairs done and need to find local contractors that I could hopefully build long term relation...