The David Greene Show The David Greene Show | The Slow and Steady Investing Process | Episode 99
Nov 20, 2025
David and Morgan Stanhope, a dynamic duo in real estate, transitioned from uncertain times during COVID to owning 13 sober-living homes in Florida. They describe how they discovered the 1% rule and made bold investment choices, focusing on long-term growth rather than quick wins. Morgan emphasizes the importance of communication in managing tenant relationships, while David shares insights on scaling their business without rushing to leave their day jobs. Their journey highlights the power of education and steady strategies in overcoming challenges in real estate.
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Started During COVID And Bought Sight‑Unseen
- David Stanhope discovered real estate through BiggerPockets during COVID and bought his first property in October 2020.
- They closed sight-unseen on a Cape Coral house and scaled to multiple Florida homes quickly.
Use The 1% Rule As A Filter
- Use the 1% rule as a simple acquisition filter: target rent roughly equal to 1% of purchase price.
- Give clear instructions to your realtor and switch agents if they can't meet your criteria.
Pivoted Into Sober Living Niche
- They pivoted to sober living homes after researching STR vs long‑term options while investing from New York.
- The niche fit remote ownership and matched nonprofit partners who filled beds for them.
