This helps.

I saw this online the other day.

One-person rental units are in the highest demand, and co-living directly appeals to this market.

Is this how it works, wanted to know from people who have their star’s managed my property management company?

If there isn’t significant equity capture at this purchase price, and it’s not in a great location, this would be a pass for me.

(This is a theoretical future).  

Not to say that you'd pick crappy materials, but contractors with experience have manufacturers and suppliers that they know guarantee their products and that helps them know they can stand behind their work. 

Hope this helps, best of luck!

And a local resident is usually very helpful.

Price out as much as you can in terms of materials and estimates.