My property tax would be: $800k * 0.5 * 0.06954 = ~$28k. 

Purchase price: $7,650,000 Cash invested: $1,200,000 We bought this property at under market rents and raised rents.

I am looking at some Repository list properties, due to these being on this list it is to my knowledge since they are from judicial sale they will be provided with a free and clear title.I am noticing 2 things on some PINs either the pin is for a "improvement only" (trailer, garage etc) or the name on the repo list does not match the most recent on the GIS pin.With these situations does that mean if its improvement only you would only own the trailer for example and not be able to do anything with it as the land is still theirs? 

All new distressed grey luxury vinyl throughout with freshly painted walls and new baseboards.

Additionally, would you still look for properties that need significant rehab work or more aim for properties that just need cosmetic rehabs?

I know it's not best practice but we do the same thing and we have 5 properties. 

You may want to buy some properties that don't need a whole lot of work done.

what metrics do you look for in a metro/city to indicate that a co-living property is a good investment?

Physically see the property, don't rely on web pictures, sometimes they are years old and don't show the current state or the entire property. 

Both of your strategies—house hacking a new property or purchasing a dedicated rental—are solid, but house hacking can be a great way to maximize leverage and grow your portfolio faster with a low down payment.