Partner Driven financed the S Vernon Rd deal using its own capital, covering the $116,000 purchase price and $19,500 in renovation costs.

Partner Driven financed the S Vernon Rd deal using its own capital, covering the $116,000 purchase price and $19,500 in renovation costs.

I am retired and working on career #2 and 2 of 3 of our kids have left for college - our oldest is headed to UConn for her PhD (6 years) and instead of paying to rent, our thoughts are to do a version of a house hack with buying a house/condo and renting out one to two rooms to offset the costs of her rent.

Partner Driven financed the Rue Montaigne deal using its own capital, covering the $195,000 purchase price and $30,000 in renovation costs.

The numbers still look good to me (especially since I have not even factored in possible rent increase by renting to section 8). 

They had signed the lease, but I had held off signing until they paid the upfront move-in costs. 

Will it increase the property value?

Some of the initial questions I had are:Does patios increase resale value for multi-families?

I can understand that low cost housing will appeal appeal to a different tenant profile, but if the product itself is very good won't it also attract the kind of tenant you want more readily?!?

There are also several build-to-rent projects going on with builder financing deals snd some even offering perks like property management (even free for a period) so maintenance costs can be kept lower in the beginning years.