But I've never rented a rooming house so Nicole you raised the same questions I had in mind.

Hello Janeile, With the little I know about these types of projects, the red flag for me is you won’t really be able to raise rents.

Is it too much speculation to expect to go in expecting to raise rents to bring up the cash flow.

The book has more tips about raising capital and I think it helped me raise my vision of what is possible in  real estate.

My wife and I were both born and raised outside of LA (Long Beach / Downey area).

I supply my tenant's with a business card sized laminated card with the account number on it.

If you feel really confident in your education, find a sponsor that will let you in on the GP side (potentially to raise money, or add value in some other way) and invest on the LP side as well. 

No room for growth other than marginal rent raise.

Minnesota is often named the best state to raise a family, with Minneapolis taking the crown amongst US metropolitan cities numerous times in the past handful of years. 

Sorry, no one cares what your Credit Karma or Discover Card says, the AUS will not accept that, and the AUS is the decision engine.