Self manage, save ~10%.  

Because you are living rent-free, have no housing payment, and no management history, and are buying this as an investment, you will not be able to count rental income to help you qualify, unfortunately. 

I considered SFH where I'd rent out all the rooms and keep one to myself, but this seems risky since I'll realistically be away for months at a time and couldn't manage the unit/other tenants.Then I came across some listings that appear to be hotel rooms for sale, with basically the facilities I need (a bed, toilet, kitchen), a price point I can handle (270-500k$, I'd do 20% down), and fairly high HOAs (~1500$/m?).

My father of 78 years old is declining slowly mentally, and I am going to begin helping him out manage his properties and organize his finances and properties.

I’m fairly new to the LA area and have recently transitioned into being a full time developer after several years of owning and managing multiple properties in Cleveland, OH.

My property manager told me that we pretty much can't do anything for the next 60-90 days.

Who: Wyoming Valley Real Estate Investors AssociationWhat: March Real Estate Meet-UpWhen: March 26, 2024 at 7:00 PMWhere: Grotto Pizza (Near the Wyoming Valley Mall, private room toward the back)Why: This month, in addition to talking real estate amongst the group, we are fortunate enough to have Jillian Kemmerer is co-owner Cityline Property Management Group.

My plan is to self-manage the property and rent it out by the room, and I believe your expertise could provide invaluable insights to help me navigate this venture successfully.Specifically, I'm seeking advice on the following areas:Property Management Software: I'd appreciate recommendations for property management software that would streamline my operations and help me stay organized.Bookkeeping: Could you provide guidance on best practices for bookkeeping in rental property management?

Reminds me of a stunning mountain top cabin that we manage with spectacular views.

@David Sanders I'm a real estate broker and also own a STR management company.