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? 

Your personal financial situation (tax records/bank statements and personal financial net worth statement)3.

Quote from @David Contreras: How difficult is dividing land that used to be separate, but is now a large lot as a result of a voluntary merger by the previous owner ? 

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

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?

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?

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.

Of course I keep entities separate in all legal and financial aspects. 

He is an electrician and lost money that had a big impact on his life, set his family back a few years financially, prevented them from being able to buy the house they wanted to for themselves to live in, caused a lot of stress in their relationship etc.