Additionally, they should help with coordinating your home inspection and if needed, getting GCs to walk and get you an itemized bid as well!

You will likely need to rehab for any strategy but Co-Living will be more bedroom additions which is less cost compared to kitchen and bath remodels that are more needed for furnished rentals. 

The decision to do a cost seg generally comes down to whether or not you can actually benefit currently from the additional depreciation.

They will have additional costs for mailing & online campaigns to get leads.

Over the past decade, I’ve built and managed purpose-driven homes in CA that serve communities while generating stable, long-term cash flow.In addition to running care homes, I also consult with aspiring care home owners across multiple states, including Texas, Arizona, and Michigan (Detroit area).

Purchasing the LLC gives you ownership of the property, but it also opens you up to additional legal exposure since the entity has been active, and there is no way to really know for sure what else they used the LLC for.

Why ask: Get clarity on the full cost of the program, any additional fees, and what’s included.

In addition to Turbo Tenant, I would suggest that you have a local Realtor list it for rent. 

Feedback has not suggested property needs additional repairs/work, only that they are looking in a different area.

Regarding insurance adding additional umbrella insurance is great idea.