I think he's in the process right now so I'm not sure how it's turned out, but last time I spoke with him it seemed that it was going well.I always tell people looking to do co-living that there is a certain amount of risk that you have to be willing to take on.

They equate the period leading up to the time its ready to rent as the risky part of the real estate process and pay a premium to bypass that part but this leaves them with unreasonable expectations because the real estate they purchase is inherently risky.

Definitely look at the reviews and ask about their whole process.

Commerical loans are totally different then residential loans, you have to enter a contract and go through a due diligence process before you totally commit to purchase the property.

I have found that the "value add" opportunities, with rent increases, renovations, zoning conversions, and other work needed, absolutely do take up more of your time compared to a more turnkey property - even with third party management overseeing the process. 

To remedy this for next time I am in the process of creating a design board that can be used as a base for future flips.

Ineffective or Absent Conflict Resolution ProcessEvery successful group of people needs an effective conflict resolution process characterized by:simplicity to understand and remember;quickness to start and complete;a clear vocabulary.My company, Livingsmith uses and recommends the 5-on-5 Process for conflict resolution in co-living homes.2.

Repeat: Scale Your PortfolioThe final step of the BRRRR strategy is to repeat the process.

Specifically I would love additional guidance when it comes to the process of forming a syndication to purchase apartment buildings.

Over time, you’ll build a more accurate dataset tailored to your portfolio.Hope this helps—getting these numbers right is an ongoing process, and you’re asking all the right questions to set yourself up for success!