And we rarely need to use them.Tenants sign and initial each page of the condition report at signing, we quickly go through the property and let them take as long as they want.Ideally at move out they would sign the condition report, but this is nor normally done. 

Those are the hardest to notice because they dont cause any damage and drain normally.

As an experienced PM, I'm intimately aware of how challenging "normal" property management can be which is why I've always turned down rent by room opportunities.

thxCarlos Richardson Mathematically this normally makes sense but I get nervous giving people advice to do this. 

I have 6 Co-Living properties (41 rooms) in Colorado Springs.Insurance:I've been seeing insurance companies start to offer Co-Living specific products that are very expensive (2x-3x normal cost).

Because unfriendly properties still do a FULL-BLOWN Application on the tenant and can deny for any normal reason they deny any tenant.

For short-term rentals (STR), the IRS requires you to prorate NORMAL depreciation based on the time the property is available for rent, not when you purchased it.

Additionally, I normally build in at least 7% of the purchase price going towards transaction costs when selling a property.

Charlottesville permitting is usually a nightmare and I can tell you that if you are trying to do something like that fully up to code then the city's standard is going to be more or less the same as a normal house/structure.

Normally, Cleveland, OH is the list for cash flow but I'm not totally convinced if I should start there.