Originally Posted by
freezingflyboy
Was very close to doing this when I commuted and was being used little on reserve. I looked at a couple of 4-8 unit apartment buildings where i would take the least desirable 1BR or studio apartment as my crashpad and rent the rest out. The buildings I looked at were already occupied but in need of some TLC. The plan was to renovate/upgrade as older tenants moved out and then sell a few years down the line. Seemed like a good use of otherwise wasted time and an opportunity to dabble in commercial real estate. Once I was a line holder, I had less and less "dead" time in base and eventually lost interest/couldn't square the time commitment. But for the right person, I could see it being a good opportunity.
Yeah I can see it being a great opportunity especially if you’re planning on bidding reserve consistently. Eventually you could just turn it into a rental property anyways. Might as well kill 2 birds with one stone.