Some people will say, "Take out a quality Insurance Policy and you will be protected."

If you don't have appreciation capex will wipe out your cash flow. 

How will the ownership of the property be?

If they do, your best bet is a local community bank that funds these types of properties.Another option is a private lender but that money will be pretty expensive, as mentioned 10%  + 

Co-living will be necessary due to housing cost. 

Your yield on your money will be, of course, exactly 4.3%.

@Prashanth JagadeeshRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

But will they? 

They will cash flow like crazy.

Hi Mary, It will depend on what kind of lender is doing the DSCR loan.