More difficult question that was not asked is do you get rid of these tenants property and I think that is as easy a question.  

Inevitably there will be some "friction points" that you'll have to discuss/mediate, but ultimately if they are not willing to adopt a majority/all of your processes, then I think you mutually set up a date that works for them to move. e.g. 60 days, 90 days, etc...

I also think, the flat rate ppl are playing to a race to the bottom. 

I think we strayed a bit from the plan and probably put a little too much in.

Don't change jobs or income yet.Once you do and you think you can manage the payments based on your new income, maybe once you get the rooms rented.Then if you want to switch there are plenty of opportunities. 

Do you think I should give up all my profit to just get the first deal done? 

Most landlords wait for a problem to land in their lap, then they waste a ton of time thinking, worrying, researching, and bleeding money before they ever take action.

I definitely think co-living would bring in more revenue but also more work. 

He was a realtor based in the Midwest (I think the greater Chicago area) and was talking about off vs. on market deals and the importance of choosing equity over cash flow. 

If you're thinking about selling it, you'll probably be better off selling a vacant then with a tenant.