For co-living spaces, it’s important to confirm that lenders are comfortable with the unique rental model, as it can impact property valuation.

That can be expensive and will likely cost between 15 and 20% of the revenue (and that doesn't often include the cleaning fees) which may mean that you don't make a profit. 

In this instance what I would do is get the deed in lieu from the borrower so you ahve the property again and get a note from them but have an attorney draft it to see if you can include a confession of judgment - meaning if they do not pay then you can get a quick judgment and possibly garnish wages.I would also have them put a small down payment as part of the note and only accept a check that way if you ever did garnish you have a copy of a check so you know where they bank.unfortunately you are right they can stop paying on the note and its unsecured so its a risk but out of all the options this is your best option.

I am taking your advise, and switched my game plan to include a local agent or property manager to show the properties. 

Quote from @William Penn House Jr: I just got off the webinar and fell for the OKEDOK,  It was clearly stated the they would charge only $197 tioday as well as monthly and that would include everything.

Hi Mikey, investing in the US is a great idea, but it's really important to work with a great team.

Fix-and-flip is an exciting area, and being flexible is important in this changing market.

@Cameron Porter ultimately the most important part is the ARV, inclusive of the expected rehab costs.

There are many other options as well including some that are included in property management software products. 

@Alex MessnerIf you're weighing whether to rent or buy with significant student debt, it’s important to consider your debt-to-income (DTI) ratio and how it impacts mortgage eligibility.