I had some and while it is money, it's not a big money maker IMO for the landlord, more of a marketing aspect for your units.

Just like real property, assemble a team to cover the different aspects of the process including origination, servicing and legal.

Personally, I love the community building aspect.

Another aspect is management, while the bank will smile at you for your plan, they will also see that you have poor cash management skills.

Keep in mind, that being an agent, can make some aspects of investing more difficult.

Lisa, are you satisfied with the other aspects apart from "communication style", like tenant screening, rents & statements received timely, response to repairs, etc.?

The financial aspect of renting rooms is astronomical to your wealth and I would not let these small scares shy you away.

As to "Sector" you could follow some principles, such as angel stock or defense, staying with church properties or SFDs, but profits are limited due to the lack of volatility in pricing.But, that is not to say you should not be fully versed in all aspects of RE investing, since different types of deals or opportunities are presented regardless of economic conditions.

Originally posted by Jon Holdman:Dave Ramsey's "Total Money Makeover" is an excellent book for getting your financial house in order.I was going to recommend this as well.That said, one aspect of Dave Ramsey's financial teachings that I don't agree with is that he believes having no credit (including no credit score) is a good thing.

Quoting from the landlordwiki:"the city will ultimately lose a case on the fair housing aspect of this as the federal courts have repeatedly said family status based occupancy ordinances are illegal.