The deal is risky unless you know the market well, have experience executing this strategy, and have accounted for the quality of the asset and tenant. 

Maybe start with small meetups or forums in your area (or Gulf Shores) to learn from others' experiences.

Taylor has extensive experience with investment properties and creative financing solutions, and he’s great at finding options tailored to unique situations like yours.If you’d like, I can share his contact info or make an introduction.

If you acquire one new property each year, you could significantly increase your wealth and potentially position yourself to qualify for larger investments, like apartment buildings or construction loans, within 10 years.I’ve worked with clients who have successfully implemented this strategy, and it has proven to be an effective path to building long-term financial freedom through real estate.Good luck with your decision!

Finally, start small, analyze deals, and build a team to guide you as you gain experience.

Curious about your experiences with the market, occupancy rates, and overall returns.

I have noticed competitors charge as low as 10 to 15% but their quality isn't the best and then I have seen others charge 25 to 30% We remain in the middle and provide a small business experience with super host status.

It depends on the experience they've had.

The information provided is for general knowledge based on my experience and should not be considered tax or legal advice.

I have a referral I can send you, I recommend going with an individual with experience in co living rather than a traditional company who doesn't really understand the model.