Hi Andrew,Thank you so much for the tips!

I know this is an old blog, but we are a 501c3 non-profit organization called Cibus Mission and we have several program that serve the community.

It was very outdated so we are giving it a facelift and will be looking for a way to rent it out.We’ve considered retreats, STR, independent living, section 8, etc. what other options are out there that we aren’t thinking of?

Then they need to get cleaners lined up (and they often have several units turning over at the same time, so that takes a few days) and have to do inspections and then fix things.

So I guess my question is how did you guys just take the leap and just do it when it comes to this?

Thanks Matt Hey Matt, Pensacola receives a lot of visitors between the beaches, hospitals, navy base, downtown and colleges so it can be a great market for STR(including AirBnB) investing. 

Success, currently active, will update what our final sales price ends up with, fielding calls on the property already.

The other good news is you ca use the rents of the other units as income to qualify so you can essentially qualify for a higher home price.That sets up your next investment property as you move out its now a 2-4 unit with multiple doors bringing in more income. 

I know they're selling some new construction quads in the Mandarin area which are in a pretty solid B/B+ area and I think they have some quads on the westside too, probably more like a C+ area but I haven't been past the property in 2+ years so it could've changed.

If so, why?