On VRBO, when we set up the listing, they didn't have a "loft" option, so I think it's considered office space which led to some confusion or set up as a second living area.

Hey Phil,I live here in Memphis and can say from experience that Tennessee makes it easy to setup an Llc. 

The property is in a B-class neighborhood, and while I’m comfortable managing coliving setups, I’m curious about any potential nuances around refinancing and insurance for this type of property.Are there specific loan types or lending policies I should know when refinancing a rent-by-the-room property?

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Their previous lease includes a portion of storage in the basement with laundry access(also in basement).Current set up: tenant occupies floor #2 with separate access to the basement for their laundry and storage.Future plan: reno basement and remove storage/laundry access for tenant.

I think there is so much value in having a supportive network, so I'm looking to set up a monthly lunch for us to exchange ideas, tips, and encouragement.

I'm happy to refer you to a company that helped setup mine.

If the word star or review comes up, it should disable the automation and ping the owner if they have an automation set up.

Yes the biggest issue was they grew way too fast and he set up an entire servicing company to handle all of their deals.

I’m based in Colorado and have been investing here since early 2021, focusing on strategies like house hacking, rent-by-the-room setups, and flips.