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The neighbors were happy, police respected our new style of operation, and we proved something in the process:A property will attract the tenants that it deserves.Our residents are decent people who are down by circumstance (lots of divorces and down-sized white collar workers), not because of bad lifestyle choices. 

The house was a Cape Cod style, in very nice condition. 

Do you have any idea of how often they redraw the flood plain maps and if the general trend is more flood plain, less, or static?

Did you have a style of investing you prefer?

Multifamily in or near the Highlands will most commonly be 2 units because that's how the style of property in that area is easiest to split up.  

The mice have infested themselves into the insulation and the drywall throughout the ENTIRE first floor of a 4200 square foot house... and the entire first floor also have a TON of craftsman style details that would have to be taken down and remade.

If agents in your area host "Brokers Open Houses" (open houses for brokers, not for the public), attend as many of these as possible.You'll get to know property styles, features and be better able to understand local pricing.You should also practice running comps on different properties, so you'll be more ready when you need to do one for a client.Best of luck!

Is it possible to rent out each room separately, hostel style?

I am looking to do 4 executive style fully furnished cabins near a main city but just outside of it.