If talking the former, I'd consider up to $600k.  

This means a deep dive into your Internal Rate of Return ((IRR). 

As always if you have any questions, I would love to connect and talk about all things data and real estate.

I will start by saying that I believe we are talking about slightly different forms of co-living. 

Have you already talked to the seller?

I'm interested in going back, and would be interested in talking carpool. 

Quote from @Rick Albert: I would talk to someone who understands this and explains the probability of success.

If the credit screening costs $25, then you earn nothing.I believe there are exceptions for a higher fee, but you have to stick to the actual cost of the screening.I would talk to an attorney before charging more than $25 per applicant.

He knows what he is talking about and he is spot on.  

I am probably the guy you want to talk to as I am a Realtor here in Colorado Springs who primarily works with investors, many of those who flip properties.