Rather than spending all the money to furnish the unit for it not to be successful... and have to sell or put all the furniture in storage and create another expense. 

You can also invest in self-storage units.

Asking for a 24 month term upfront will be cheaper than asking for an extension 12 months from now, and we all know it's not going to get done on time anyways, so that would be my "ask" in your shoes.

It’s hard for me to think someone would consider an offer at this price but I’m not in their shoes. 

I love self storage.

Current rent for a 3/2 is 2200$ .Is it wise to convert the officeroom into a bedroom by adding a closet and then market it as a 4 bed 2 bath for 2450$.What will you do if you were in my shoes.

First decide the area(s) of interest to you as an investor - both geographically and the type of investment (SFR, small / large multi, storage, etc).

Thus, if we were in your shoes, we would offer the space to the candidate, but share that the house is going to be co-ed.

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

I don't understand how the people on here can post about how people who can't pay their rent are losers or they need to get out when you know I'd like to see them live in our shoes for a minute cuz they be shutting their mouths