@Grant ShipmanIn my experience with these units are very difficult to manage and people at the 30% level also create a new set of problems.

.🚀 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.

It makes lead management way more efficient since they get to focus on people who actually want to do business. 

Considering how rising prices might influence people's decisions is interesting.

I graduated from college in May, and I am currently doing business development (sales) for a property management company while studying for my RE license.

Managers will quit or worse.

Additionally it will have to take care of itself so property management is included in this.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

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

Contact my friends at HomeHop Property Management. www.homehoppm.comTalk to Dan, they have a in house designer, who you can hire.