I have a followup question - I will realize a lot of capital gain from this home in Idaho, so I think unless I purchase a new primary residence I will have to pay that capital gains tax. 

Co-living isn’t just an alternative to traditional rentals—it’s a way to maximize cash flow, lower risk, and attract investors.To make this post more insightful, I’ve included graphs and visuals that break down the key benefits of co-living and why serious investors should be paying attention.1.

On these very forums you hear countless stories of "I lost 5K and can't pay for me medical expenses".

Tenant pays all utils except water.  

15% down with no STR experience - you're going to have to pay a price for that.

But I would not consider what the seller needs to make in determining what I'm willing to pay for a property, especially when youre buying a problem like this.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

The way I see it as a wholesaler is that my buyers are people who I am striving to buy one day so I pay close attention when they tell me something.

We can still choose how much to pay someone to operate it if necessary.

Now, you need to figure out how to find deals and pay for them.