You might want to work with a list broker who can help you tweak criteria to optimize for your market.Seniors with Long-time Ownership: often ready to downsize or transition to assistance.Homeowners with Low Financial Stability Scores (FSS): Struggling financially and likely ready to cash in on their asset.Both these categories have additional advantages in that they probably don’t haven’t been updated and may have deferred maintenance.

. #1 the more bathrooms the better so shoot for a 4 bed 3 bath home if possible you can charge a premium for a private bath#2 you live in one of the rooms with the shared bath and rent out the master you can charge even more for the master suite#3 if the house is clean and in good shape vacancies will not be much of an issue, there are many, many, many people looking for flexible living situations due to work transfers, divorces, transition periods, new jobs, etc...#4 People will pay a premium for a month-to-month lease (you can't really hold someone to a lease in this situation because of potential personality conflicts)#5 Make it "all bills paid" including cable and internet, people will pay a premium#6 $700/Room is not that bad, you could probably charge more if the home is nice#7 The apartments available in that area for $700/mo are NOT NICE plus there is a 12month lease typically, plus utilities, plus they have to move their furniture in, etc....#8 Remember, you are marketing the convenience, people will pay a premium for convenience#9 In my experience I have never had more than a couple weeks vacancy between tenants but both my properties were nearly new, very clean and fully furnished#10 Some clients of mine just bought a 5 bed 3.5 bath home in Clear Lake City Super Nice, upscale neighborhood, for $325k, huge house that would be perfect for a house hack.

You don't see masses of people watching how to videos.

There will be a time of distress and you will be ready.I am transitioning from active to more passive and diversifying through LP syndication investments.

This I found to be one of the main problems I encountered when I did the transitions because the beginning balance from the prior system usually had to be adjusted later because of checks and items in transit, so it takes about another accounting cycle to bring up to date. 

I’ve considered it and interviewed options, but conclude that it would be disruptive and probably just more of the same — just different, with a backslide during the transition.

You should get a mass saves inspection ASAP.

When I went into commercial, they all told me to do residential first if I wanted to survive, and once I had the income, I could begin to transition.

Hi, ive been wanting to start out in the REI game through wholesaling properties, but have come across some information on BP that it is illegal unless your a licensed broker or have a mass amount of knowledge and skill sets to do so, any and all feedback will be awesome!

The transition was challenging, but my thoughts were captured regularly on paper.