Eric,Without going into too much detail on each line item, at first I use my back of the napkin method with a 40-50% expense ratio.

Here's one nearby with more pictures: https://www.realtor.com/realestateandhomes-detail/1440-Woodl...? 

I am not privy to the details of that from their perspective, but I would hesitate to assume the policies are the same; I don't believe they are.

If you can find a fixer at a good price, with room for an ADU, and the comps are good, then you have a deal.Are you planning on flipping or long-term holds?

Sometimes a 5-10 unit DSCR loan is solid terms, but I'm quoting 7.4% ish for 5+ unit, DSCR.

Pay attention to the details and be organized Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Message me for the details of this event.

Each grouping had a common room (perhaps it was shared by multiple groupings ... this was a detail I missed) with a nurses/aid workers office.Central to the two sides of the complex were common facilities such as a dining hall, gym {perhaps a pool ... another detail I missed}, theatre &  games room.With one of the fastest growing groups in our society being single people, we are examining a related idea of a  complex / building providing a modest-sized 1-bdroom "apartment" with more semi-private and common amenities.When I read the title to your thread, I thought it was a project proposing to mix students and seniors into a single complex ... and came in thinking, this ought to be interesting :-) 

Working with the city to find a solution.There is a similar situation near me where an investor bought a short term rental house, rehabbed it, ran it for a while, and then got in trouble with the town after a neighbor complained and the town said short term rentals weren't allowed in the community. 

@Steven Catudal- LLC with detailed operating agreement- Bham has tons of Sec8 opportunities.