That’s total cost.

The 'buy in' costs are high, no doubt.

Lots of good advice here, but no one asked what your parent's retirement plans are?

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

That's no one's fault.

However, co-living allows you to acquire properties with as little as 0%-5% down, drastically reducing the amount of cash required.Instead of needing $100K+ to buy a rental, a co-living strategy lets you start with a fraction of the cost while achieving higher returns.3.

No it isnt 

You could have someone walk each unit and turn off the water supply to each toilet for 5-10 minutes and see if any tanks runs dry.

I got a rehab loan for a flip from a friend for 9%, no draws, and got all the cash upfront to finish the project.

Unfortunately, from a STR prospective it seems like there is less opportunity based on supply/demand and current home prices in the immediate area.