This new Trend can increase profits drastically? Input needed

[Ken Hoffman]

I have heard about, and witnessed as early as 2004 this concept of co housing/co living in NYC/CT area, in fact at that time I rented a bedroom on a floor of a multifamily for $625 a month.  I did some reading about it on Forbes and apparently this appears to be a big thing with millennial generations struggling with student loan debut and housing costs.  A way out if you will and is more appealing as they don't seem to value privacy as much as working together and being part of a community.

https://www.forbes.com/sites/neilhowe/2018/05/28/inside-the-millennial-inspired-co-living-boom/#21b133b33851

Is anyone on here doing something like this?  It's kind of like boarding house but more community minded with regular events like dinners, cookouts etc.  

It appears to be a rental model for a property with open spaces in a higher cost of living area where rents are high.  You can rent out bedrooms and get more "units" in the same property, at a lower per unit cost of rent.  Obviously management is going to be more intensive as will some of the owner costs as community features usually consist of Wifi, common areas with respective utility costs.  However with rental property prices climbing to the point where the numbers don't work, and competition for the "Deals" are stiff this presents as a creative way to get some traditionally nonperforming properties, to perform well.

I'm intrigued and I have a property in mind that might fit this model nicely.  

Any experience with anyone doing this is greatly appreciated.

Ken