It doesn't make sense on any one of the houses individually, but as a package the appreciation is phenomenal and makes sense in the long run. 

I recommend setting up keyword alerts for each area as they are discussed in the forums daily with advertisements posted in the BiggerPockets marketplace hourly.One thing to note when looking at the individual markets, you can make or lose money in any market.

You still have to carry insurance on your individual unit.

@Jeff WhiteThat gave me a lot of confidence to hear you say that.I’m currently under contract on a 6bd househack for around that price point and plan to rent the rooms out individually.

Maybe from a builders association or rental association, or just individual landlords as interested parties joining together as a formal cooperative to manage their properties, provide shared resources, screen tenants and mitigate issues among other things?

Then, instead of putting money down on individual deals, we would simply funnel those down payments into our own home growing its equity.

Stats are available for average length of residency for individual markets, and this is a better stat to hang your hat on here.

The fact he is doing it himself and he needs $5,000 from you to get the deal done tells me he is not much of a player and is quite amateurish.

Also not sure how the law works there but conversions from apartment buildings owned by a single landlord to individually owned condos is another possibility.

Excited to connect with likeminded individuals in the community.