@Tayvion Payton I have managed many properties in neighborhoods like this.

@Landon Sheveland  don't think your renovations will overcome a bad location. 

.🚀 Making It Work1️⃣ Optimize Your Space – Converting a living room or office into an extra bedroom can supercharge returns.2️⃣ Target the Right Tenants – Young professionals, digital nomads, and students love co-living setups.3️⃣ Automate the Management – Using systems for roommate screening, lease agreements, and shared expenses makes it passive.Co-living is gaining serious traction in house hacking circles, and I’d love to hear from others who are using this model.

.- I would highly suggest you plan on using a property management company.

Focus on location: Look for properties near colleges or hospitals—they tend to bring consistent, reliable renters. 2.

The manager doesn't determine what they do and don't like, they 'manage' the HOA to comply with the law and guidance from the Board.

Also do research on what's required to properly manage a LLC so the veil cannot be pierced. 

You can structure it as an LLC or joint venture, which offers clearer tax and liability benefits.Your son doesn’t need to be on the loan or title if he's a silent partner, and you can manage the mortgage, credit, and insurance.

I’m an investor with properties in both Indianapolis and Kokomo, as well as the owner of a property management company overseeing numerous units in Indianapolis for out-of-state investors.

You control a 1.5M asset for $35k and get to live in an amazing location.