The goal is to create nice affordable living that members enjoy and take care of. 

When you add that: "The downpayment and closing costs would be one large hurdle"; I can't tell if you can only afford to do this once (thus tying up whatever you have saved) or multiple times.  

What are the biggest challenges people have faced with this. Also how do I make sure to get good tenants?

Shared housing provides affordable, flexible rental options for young professionals, remote workers, and students.As shown above, co-living properties have more demand than traditional two-bedroom units and appeal to a wider tenant base.2.

Hyattsville and surrounding areas are more affordable than other parts of the metro. 

Their pivot to ADUs more recently is an attempt to increase affordable housing in many of those same areas. 

House hacking is an incredible way to live affordably while building wealth through real estate.

Go wtih what works - but intelligently.We offer a free month of rent, but to avoid desperate people, we credit 50% towards their 2nd month (to make sure they can afford 1st month rent + SD) and then credit the other 50% the 5th month.

Because of the additional income I am producing through the consulting business, I am afforded the opportunity to invest money in real estate.  

These areas are experiencing significant development and population growth, driven by families and professionals seeking more affordable housing while staying close to the job hubs in Plano, Frisco, and even parts of North Dallas.