Do not mix money and expenses, or it won't protect you from lawsuits as intended.

The monthly interest expense on that would be around $1,400.

I have 6 Co-Living properties (41 rooms) in Colorado Springs.Insurance:I've been seeing insurance companies start to offer Co-Living specific products that are very expensive (2x-3x normal cost).

Property is in great condition since it is newly built but not themed currently but i am hoping to theme it and write off as expenses.

They are expensive right now because people want to buy them and live in them and rent them.

Cleveland investors often aim for COC returns of 8–12%, so you’re in the right range.Net Cash Flow: $277/month is positive and provides a buffer for unexpected expenses.

This is important because these are generally the property owners with standing to file an appeal if they are not satisfied with the plans which can become a drawn out and expensive process.  

I could just put it in that box of my spreadsheet to account for the expense and then in most other ways, it's the same issues - capital savings, maintenance, vacancy, etc? 

We focused on 1 and 2 br properties long before MTRs became trendy because they have lower price points, less competition, lower expenses, and while the tenant pool is smaller, so is supply.

Neither outcome is good for you.I give some approximations of each expense category in The Hands-Off Investor, but the best way to nail down operating costs is to look at the property's historical performance.For example, Contract Services and Utilities.