Co-Living (rent by the room) BRRRR

[Jake Baker]

I recently purchased a property in Jacksonville, FL, and plan to execute a BRRRR strategy with a coliving model (renting by the room). The property is in a B-class neighborhood, and while I'm comfortable managing coliving setups, I'm curious about any potential nuances around refinancing and insurance for this type of property.

Are there specific loan types or lending policies I should know when refinancing a rent-by-the-room property?

Do lenders or appraisers treat properties with coliving setups differently?

Are there any insurance policies or providers you recommend for this unique use case?

I would love to hear from anyone with experience navigating these aspects of a coliving BRRRR strategy!