Maintenance and repairs typically range from 5-7% of rental income, compared to the standard 10%, as new builds have fewer immediate issues.

Specifically:What square footage ranges are performing best?

Some of the profits and losses I’ve been seeing in certain properties have been significantly lower than Airdna projects, with only a handful being in the projection range, and maybe one or two exceeding. 

In todays environment with higher interest rates there are less buyers in the market than a few years ago so waiting several years until rates drop to a more palatable range could lead to much higher returns.

It's great you already have the location, price range, and funding source! 

Ice noticed that Co-living works best when tenants feel respected and connected, which helps with tenant retention and word-of-mouth referrals.

Pittsburgh has great investment potential, especially with ARVs in the range you’re targeting.

I have 9 single family homes ranging in price from just 65,000 to 430,000 and I know that most specialists would say not to pay for a cost segregation study as the values of these homes are under a certain threshold (have heard anywhere from at least 500k - 1m). 

Also, try to find similar rental units in the same neighborhood to compare to so you have more of a rent range/conservative approach. 

What are the laws like in Massachusetts with respect to evictions?