Some groups seemed to be focused on using you as their cash cow to fund the organizers lifestyle. 

Doing so can maximize your chances of achieving consistent and profitable results.

I guess the question I’m left with is, what have you found the profit margins to look like on co-hosted (not owned,) properties?

It will be taxed on a state level based on the state the entity is organized in, AND possibly the state the entity is registered to do business in.  

Now, I also run the Property Profit Academy, where we help investors sharpen their skills and level up their investing game.

As a result, a mixture of high taxes and decreasing job prospects are making rental properties less profitable and more risky, never a great combination. 

The costs could be justified if the rental performs well (a little less profit short term, for longer term appreciation gains and with little to no effort on my part).

Holding onto it is a smart decision, and you're entering property investing in a solid position.To get started, focus on ensuring that the rental income will cover your mortgage, taxes, insurance, and any maintenance costs, leaving room for profit.

One of the key upsides to MHP ownership is building the business and selling it for a profit down the road. 

Is it more profitable to turn a STR to a MTR for the winter months in a coastal town?