I run a MTR out of my primary bedroom and would be happy to connect and chat about your plans and what my experiences have been. 

You should have a ton of demand for co-living in that area, particularly if you're on a busline.If you plan to sell anytime in the near future - I'd advise against putting a tenant in there well under market on a long term lease.

Would love to learn more about this flipping plan you have and get you connected with anyone you may not already have on your team.

The local property will give you practical management experience.You might do better buying a REIT if you are planning to buy single properties far from home.

I’m planning to move what I have in stock market ($2.5-3Mil) to buy a good realestate.

But I don't know your personal situation and all the financial details. 

This knowledge is crucial when planning co-living projects.Engage with Local Authorities: Work with city planners and zoning boards to advocate for more inclusive definitions that accommodate co-living arrangements.Monitor Legal Developments: Keep an eye on legal scholarship and policy discussions that may influence zoning reforms favorable to co-living.By staying informed and proactive, real estate investors can navigate the complexities of zoning laws and contribute to the evolution of housing policies that support diverse living arrangements.For a deeper dive into these discussions, you can read the full articles here:Bloomberg: Why Are Zoning Laws Defining What Constitutes a Family?

You’ll sign a piece of paper at closing saying you plan to live there ], usually within 30-60 days.

Im only thinking about doing this because I think he wants at least 400k.Does that sound like a smart plan?

Mom’s estate plan should probably address this separately from you.