I've closed 20+ coliving deals as an agent over the past year or so and have offered/UC on dozens more.If you're going to buy a 'turnkey' operation (following info is true for a coliving BRRRR) - the buyer's out there are underwriting the properties to about a 9-10 cap on what the properties can generate conservatively OR are generating.

I sent you a connection with some more info on our markets and we can schedule a call to discuss just what we do here. 

If so, do I need to hold it for a period of time before I can rent it out?

There is so much to see and do there.Murrells Inlet has many great seafood restaurants! 

So if you are doing an addition, you are only contributing to the structure portion of value, not the land value.

but its only been in the past two or so years that posting and engaging here has really been done with intent and constancy. 

So you might not be able to get the best estimate. 

Inside your 20, 820 and 635 loop you'll likely have to put 40% or so in the deal in order to cash flow positively.

If you’re not sure, start by talking to a lender so you know exactly what you can qualify for.

In rural area those go for like 9 caps because area is so rural you are buying fixed and flat yield for the primary lease term and then building and dirt have very little value long term.Think area with 10,000 people in 5 mile radius.