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by jaredsmithse 2927 days ago
Sorry, I missed the question about research.

We didn't do much research in the way of occupancy. Because its remote Im limited to the towns around us that is convenient for my family to visit. We played with the idea of getting an apartment building from another distant relative that owned one, but weren't ready for hiring the staff that came along with it (and the cost since it had a restriction to low-income housing for the next 6 years, which made it hard to make a profit off it to start. We may revisit when we have a better base to cover potential short-termlosses).

Generally from what we saw with no new housing being built in our town we knew we would be able to get someone to rent it to at least break-even. Our second option was to partner with an organization that helps subsidize low-income housing, since some offer partnerships that involve fixing things that their tenants break and helping cover costs for repairs.