@Bryan Zayac  In PA, there is a state document called the Municipal Planning Code MPC. 

Up from 714 in 2007.

I grew up in North Florida so I have a lot of family, friends and business contacts in that area.  

I own two rentals in Indiana.

That said, I highly recommend speaking with a local professional in the DFW area to get insights tailored to your specific goals.

I'm a guy approaching middle-age, living in Chicago.

While people will share a bathroom in say a 2/1 it is likely a harder sell in a 5/2 and the price you command is less. 

However, in Co-Living the most a renter can trash is their room.

My basic underwriting making some standard assumptions on HOA expenses, 20% down, 7% interest rate, 30 year mortgage, utilities, supplies, and maintenance costs shows a loss of about $22k per year if you are self managing.

Many investors run into bottlenecks in deal flow, funding, or renovations when they try to grow without a solid groundwork.