Been through a few book keepers who don't seem to understand this space very well.  

Do you consider worst case scenario and base your potential offer based on this? 

Travel will be part of what I do with this. 

Anyone who has participated in a bad investment understands this.

Adjust cost basis - This is the purchase price, plus capital improvements, minus depreciation.

Quote from @Michael K Gallagher: This is my 1,000th post, and its taken me about 7 years to get here. 

Also, as this co-living thing is generally new and catching on in some cities, I would hate to have this whole strategy ruined by a new restriction set by the city for co-living or the crazy rise in mortgage cost from property taxes and be forced to revert back to the traditional route.So my question is for those that are already doing the co-living strategy; are you all buying the home purely off of the co-living cash flow, or are you all considering the cash flow from renting the home with just one tenant as well?

Can anyone verify if this is accurate?

The information contained in this post is not to be relied upon.

There are a few more “big ticket” items that need to be considered (Minisplits & landscaping) but most of the major costs have already been accounted for on this property.We currently have a 30 year conventional mortgage with a 7.125% rate on a purchase price of $750k.