Just like the asking price, just because the owner suggests one interest rate or term doesn't mean you can't offer something different. 

Of course it is very important to do proper due diligence on the investment and the operator.As far as self-directed IRA there are number of companies offering such service, this topic has been discussed here on the forum many times so you should search using this keyword and learn from those discussions.

But I do hope to offer some quality feedback for folks who are learning the industry and working towards success.

I offered to temporarily lower their rent until they’re back on their feet.

I dont believe so but am not an expert on the topic - I do know that in Texas at least, it is marketed for owner occupants first and then after a certain time period they allow investors to put offers in. 

You will not need to join CAR/NAR and I offer super high fee splits.  

Co-living is seen as a non-financial tool to encourage deeply affordable units, serving as transitional housing along the housing continuum.A study by Gensler and The Pew Charitable Trusts highlighted that adaptive-reuse co-living spaces could offer more affordable housing solutions compared to traditional studio apartments.

Another idea to consider is the FHA 203K renovation mortgage, this is another excellent tool to use because of flexibility and other worthwhile features you might consider researching.

Quote from @Ken Williamson: Quote from @Shawn Fletcher: Hi Leslie, Did you move forward with RE Developer Training offered by Jerome Maldonado.

I suggest listening to the BP podcasts and reading through the blogs and books they offer.