Co-living also takes quite a bit of money to create more baths, walls, different electrical hookups, etc.

Looks to be enough room to make money but just be sure you're very confident in the comps in the area the property is in. 

"Putyour money where your mouth is."

That helps you recover some of the money so if things proceed to a lockout, you're not as bad off financially.

A property manager should always account for both income and expenses—you’re the owner, and you have a right to see exactly where your money is going.It almost sounds like he thinks he’s doing you a favor instead of working on your behalf.

Keep in mind, you should have already had a conversation with the hard money Lender to know their terms and process, and be ready to perform. 

This is advantageous bc later you have a third party loan (not your personal money) so seasoning period is 90 days to DSCR out. 

@Pranita Maldikar Unless the seller is a family member or personal friend, I'm not sure why you'd want to put that much money down on the property.

If you sweat for a living, there is good money to be made.My Skeptical Take:I’ll do a 2025 prediction post in the coming weeks, but for now, I’ll just say that all signs are pointing in the ☝️ direction.

Private (hard) money might help with renovation but will be pricey.