And if they use public funds the property has to remain affordable housing for THIRTY YEARS which is insane.

It really can be the best of both worlds—remaining a passive investor while still getting the ROI you want!

Up to them who gets the best rooms and how much they pay, as long as I get the total rent I don't care what agreements they come to among themselves. 4) If one kid wants out they have to find a replacement (I must approve the candidate), or the remaining kids have to pick up the slack. 

The reason I say this is  a double close, is because we would require the seller to be open to seller carrying the amount that we helped cover as a second note against the property.Ex. 1st transaction: DSCR covers 70% we help cover the remaining 30%.......close transaction.2nd transaction: Title opens a second escrow account and creates a 2nd lien for say 40% against the property so we can get our funds returned.

Remaining principle on the mortgage was paid by Flock at closing ( ~60K), so my shares at Flock represent the equity in the home that I’d accumulated from appreciation and principal repayment over the last 17 yrs.I like their approach/strategy.

@James KieferThere are many REI opportunities in different markets - markets in the Midwest and Southeast of the country are great - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.

In your case there is nothing other than just having your remaining equity and money left over from the start up.

The covid money is all gone and the economy is so so right now which should keep inflation down and keep the fed pushing rates lower which will help get mortgage rates lower eventually.

Depending on these regulations, you might need to maintain a means of exit from the basement unit, such as a separate entrance to the outside, or ensure that the stairs remain accessible but secure.

So, your tenant's financial situation remains stable.