I'm having the same issue as you.

At first I denied all these ppl but as I sit here with no prospects, wondering if allowing someone to rent out the space, sleep in the van at night would be an issue?

So, have a strong, transparent system where you don't need to hide anything.Most investors move to syndications as a passive LP and therefore gets away from the liability issues surrounding owning direct ownership in rentals.

I think a lot of people don't focus on the financing side or what it takes to get a deal done but that is everything  It is also one of the more difficult parts to understand.We didn't run into seasoning issues but it was because I had owned it for a year by the time I got the construction loan.

I thought about renting as three separate rooms, although I've heard that this may lead to more issues, so may not do that.10% Property manager (although, could self manage from out of state)Electric, internet, water, garbage (with water bill)vacant maybe 3 days a month due to how people schedulea few fixes necessaryfurniture/dishes etc.lawninsurancetaxescleaning costsloan/loan closing costsno HOA for this one

Volume 1 is dedicated to smaller multi family, 4 units or less I believe and volume 2 for larger multi family.

If 4 people are going to live in a house, I would usually want at least 1,750 sq feet, and probably more like 2,000-2,250+ sq ft…the larger, the better.

I manage many SFH in the Quad City area and also larger apartment buildings.

We have another property with CMHA and havent had any of these issues.

Now post-COVID you have a larger inventory, increased prices, increased interest rates, increased property taxes, increased regulation (even Smokies are now requiring permits) and increased insurance and at the same time return of the reduced Pre-COVID occupancy numbers.