Seems like we would be able to use a good landlord/management software, background checks etc - essentially copy what the current management company does as far as background/screening/showing etc.

Also you’ll need to check with local ordinance if converting to boarding house is legal and steps needed to do so (you don’t want to pay assuming those numbers to only be told you can’t do it)you hml money you can roll into your conventional loan but you’ll need to understand the scope of time from the Gc to make sure it’s feasible 

I'll check them out.Right now, I'm looking for an API to consistently provide MLS data as a first step.

Hi Sonya, with that criteria I'd recommend checking out markets in the Midwest.

Make sure you check out the indemnifications clauses in those agreements.

The time between acquisition and stand up (outlay of capital) and the time your first guest checks in could be 2-3 months in that example.

Check wholesaler FB Groups too 

@Ashton Fry- there are several lenders / banks  offering HELOCs on  rentals  and / or  2nd homes ...SPRINGEQ  is one .....check with your lender  contacts and  also with the banks you do business with  or   banks / credit unions close to the proeprty- good luck

However you might want to check out The White Coat Investor Blog as it covers many things pertaining to those in the medical profession and investing and all things thereafter.

Most lenders are "check the box" types,  and you have a situation that does not check all the boxes.