I would make sure you’re able to analyze deals, know market rents for similar properties (and see what you can do to outperform), and understand the costs of the deal from the financial side.

However, those few who are financially saavy and have integrity and grit I believe will benefit from it until they are able to have enough experience to go off and do their own thing, charge less fees and be able to have more repeat business while keeping a much higher ROI themselves.And NO, i've never been in this program, been around much longer than he even thought of this revenue stream. 

Eventually, you'll find a problem that is not that difficult to solve (but kept other buyers away or forced the property to fall out of contract a time or two).You also have to know what a deal looks like.

I recommend learning a bit on how to read the financials, but find yourself a great Accountant to help you analyze the financials and tax returns to make sure things make sense and are proper. 

For those who have ventured into Co-Living, what strategies have you found most effective in ensuring both financial success and a strong sense of community?

All REITs are required to show their FFO calculations on their public financial statements.

REI is a great thing to start to learn about so you are pursuing something with great long-term value, but you have to know that it's not a quick road to get out of the rat race.What financially free means to you could mean something different to someone else so usually what people are seeking is time freedom.

They may be more emotionally concerned, but that doesn't mean they are better at the job.Why are millionaires and billionaires using financial managers, property managers, nannies, and maids? 

If you want to avoid this you can certainly just 'gift' them the asset and they can deed it into their Trust but I doubt you want to do that without any financial exchange. - thing that you'll want to think about is the step us basis and what this sale would mean for you when they pass?

Your house isn’t just your haven—it can be a financial asset too.