However, co-living allows you to acquire properties with as little as 0%-5% down, drastically reducing the amount of cash required.Instead of needing $100K+ to buy a rental, a co-living strategy lets you start with a fraction of the cost while achieving higher returns.3.

Yes the Class feature Cost a bit extra which is a bummer bet the support for it is amazing, and it is easy to allow access for Tax Accountants to pull the reports they need rather than my clients playing middleman. 

It's been an awesome strategy for us.

I wouldn't recommend setting up an LLC out of state if you are buying in Tennessee unless your tax advisor is looking to help you on strategy.. but from a numbers standpoint, it really doesn't make sense when you start adding up on all of the annual LLC reporting fees from different states and then it starts cutting into your cashflow.

With the right strategy, it can become the foundation for building wealth.

Well worth it and the best strategy to start in my opinion. 

They must satisfy "material participation" test for their STRs to utilize the strategy.

Consult a tax professional to optimize deductions and explore strategies like Real Estate Professional Status or short-term rental loopholes to apply depreciation to non-passive income.This post does not create a CPA-Client relationship.

If all your eggs are in this strategy for your move, I would strongly advise doing some underwriting and research concurrently with this selling decision.

This is what makes the hard money to DSCR combo a great one-two punch for the BRRRR Strategy.