The reason I ask is at that rent point there is no profit on a sustained hold.   

I work on a ton of Padsplits in the Atlanta market and it is tough for a 4 bed co-living property to be much more profitable than a long term tenant factoring in additional utility expesnes, padsplit fees, and additional property management expenses.

Additionally, if your goal is to maximize personal financial benefits, consider profit distributions from the property-owning LLC, which may provide tax flexibility depending on your situation.By adhering to FMV, maintaining proper documentation, and structuring the lease agreement carefully, you can optimize tax benefits while staying compliant.This post does not create a CPA-Client relationship.

If you can get it dirt cheap somehow and maybe flip it, then you could profit. 

Yearly increasing costs will, in time, eat up any profit they have per unit.

•Always calculate future taxes when analyzing rental profitability.8.

Nevertheless, a facility is on the horizon and I have now started a non-profit with family to begin a secondary path.

Profits during the partnership can be shared based on the agreed equity split, with income and expenses reported via K-1 forms. 

In order to do this you need to have deal flow and you need to know 1) How to recognize a good, profitable deal, 2) How to put together funds quickly to buy the deal before someone else does and in such a way where you are protected and the deal is protected, 3) How to run the project so that you follow the budget and don't overspend or overbuild, 4) How to attract an end buyer or a renter and which documents to use to protect yourself and the buyer, 5) If you are going to keep the property then you need to know how to set up the property from the start to best help you in the refinance later, and 6) You need to know how you are planning on managing the property from the beginning in order to make sure it will be profitable at the end.

Quote from @Brandon Vukelich: Question: why would you sell an asset that generates a profit today and will generate a more significant profit in the future?