Back when the Institutional SFR rental industry started in the aftermath of the Housing Bubble bursting, the approach the firms took was to buy new-ish houses, rent them out for a few years to capture the depreciation, and attempt to sell them to the current tenants with owner financing before some major repair needed to be made to the property (eg. new roof). Curious if this is that same model or something else.
Usually single-family homes aren't built to be rented: the interior fixtures are either too nice/expensive for a rental, aren't designed to hold up to the additional wear that comes with it being a rental, or aren't designed to be easily repaired/replaced when they eventually wear out.
Back when the Institutional SFR rental industry started in the aftermath of the Housing Bubble bursting, the approach the firms took was to buy new-ish houses, rent them out for a few years to capture the depreciation, and attempt to sell them to the current tenants with owner financing before some major repair needed to be made to the property (eg. new roof). Curious if this is that same model or something else.
Usually single-family homes aren't built to be rented: the interior fixtures are either too nice/expensive for a rental, aren't designed to hold up to the additional wear that comes with it being a rental, or aren't designed to be easily repaired/replaced when they eventually wear out.