Start small, network with other investors, and use tools like BiggerPockets calculators to analyze deals effectively.

The frameworks others have presented of viewing the site as a lead-generation tool where you, as the host, are handling all the payment processing and screening is pretty accurate. 

Also recommend the BP Find A Lender Tool - can sort by state and type of loan needed (DSCR)https://www.biggerpockets.com/business/finder/lenders

I'm having a hard time finding any estimating tools for this kind of a project, adding a story and multiple BR/1 BA, and wondered if there were any tools, sites or recommendations any of you have for this kind of a project. 

My current thoughts on it is that co-living is the king investment compared to other investment strategies, but the investor must be using the right tools: co-living property management system, asset management system, and a great team. 

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

For example:CapEx: $250-300 per unit per year for older properties, adjusted based on age and condition.Maintenance: $500-800 per unit per year, depending on property class and tenant turnover.Make-Ready Costs: $1,000-2,000 per unit for turnover, depending on the scope of work required.Resources and Tools: Utilize tools like BiggerPockets’ Pro Calculator or other underwriting spreadsheets that have built-in assumptions for these categories.

I would closely monitor your competitions pricing to see what is working for them.Vrbo has built in tools to monitor when people are searching for specific dates.

We think a smartphone app-type, GPS-enabled time tracking tool for tasks and hours would be a good start.

I plan on doing most the renovations myself which requires equipment (such as tools).