I am retired and working on career #2 and 2 of 3 of our kids have left for college - our oldest is headed to UConn for her PhD (6 years) and instead of paying to rent, our thoughts are to do a version of a house hack with buying a house/condo and renting out one to two rooms to offset the costs of her rent.

I can understand that low cost housing will appeal appeal to a different tenant profile, but if the product itself is very good won't it also attract the kind of tenant you want more readily?!?

If you have any questions, feel free to ask. 

If you would like to discuss further or have anymore questions please feel free to reach out directly. 

(And if you think they'll update the language, I have a bridge to sell you...)Next, it has triggered occasionally and we send out a reminder that we are a smoke-free property which usually works.

Not a good idea for some of the same reasons-high costs of purchase combined with inexperience and renos gone bad/out of control. 

I was thinking perhaps it would be easier to just bring a general contractor to walk the site and provide an estimate on all the rehab costs, rather than to find separate contractors for each specialized task.For those of you who have worked on fixer-uppers, did you bring a general contractor to walk the property with you and give an estimate on rehab costs?

@Justin Chan, You might be eligible for a partial tax free exclusion if you had to move out of the house for medical or job related reasons. 

Low acquisition price, medium investment cost.

Best part is that they would have VA's with different experiences and budget based off how long the VA has been doing property management.Feel free to DM me if you need any help or if you have plans on scaling using VA's.