He lays out in the book that people bring three things to a deal: time, capital, or skill.

I had people with pets that kept house cleaner than those without.

It's best to have a property manager involved because they usually know the rules etc.

The company I currently use for my other investment homes said they don't offer management for any co living... unless everyone in the home is on one lease.

Another thing to add is the regulations, HOAs and Cities are imposing a lot of regulation on short-term rentals or rent by a room, I have seen some HOAs regulate the amount of people authorized to rent the property too.It requires to do a lot of due dilligence to begin with mainly in such big house. 

Good property management I figure at 10%. 

There are people located all over who could help you locally. 

Your SEC attorney can help you with the details.Typically you would have one LLC that owns the properties and another LLC that acts as manager.

Hello, I have been doing commercial new construction (steel Div. 5) for the last three years or so. I was recently let go so I decided to start my own business. I'm looking to do BRRR and Flip's for a few years and th...