Is this something you've ever done as an individual landlord, or is this something more for larger multi-family properties only? 

I'm still playing with the layout and trade-offs.

When you do that groups of people will apply, rather than random individuals.

In my free time, I like to play pickleball, bass guitar, and I write real estate based articles on LinkedIn.

You will have the opportunity to meet like minded individuals with all different levels of investing. 

Certain expenses are all lumped together for the sake of the P&L like insurance and taxes and others like repairs and maintenance can be viewed collectively or by individual property.

Quote from @Daljit Singh: Unfortunately, you will have to play this out.

A couple factors that come into play when assessing cost:1.

Not seeing any real gentrification because of that, IMO.On the positive side, we do finally have a new Mayor that is actually from the City, but so far he seems to be playing the same games as his predecessors.

., the actual management of the property & tenant play a large roll in how long tenants stay in their home.