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

With the economy of scale in multifamily, each additional unit nets you a little more than the last, as a rule of thumb.

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. 

Making additional payments or taking a shorter term are just depositing more into that savings account (it's not like the property appreciates more by paying down the loan). 

Additionally you can do a cost segregation study and get a lot of depreciation benefits to offset the rental income (and potentially other income).  

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

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

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

An umbrella policy for additional liability. 

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