I also see your point about avoiding bargain basement properties, especially insofar as tax shielding is easier with an asset of a reasonable size.Your point about barriers to entry is also interesting, since I suppose those barriers can be geography (natural boundaries of mountains/water), but you're probably referring to that which impedes future construction?

The market is competitive, so I focused on being the best—from high-quality furnishings to top-tier management.

If you are a beginner, I highly recommend exhausting your conventional options.

We bought a property that we feel is assessed by the our local government too high.

Quote from @Cathy Li: It's a white label software built on go high level.

Highly recommend starting close to you so you can get eyes on the property if you do decide to purchase a true rental. 

Usually the numbers don't work to build in these neighborhoods, unless government tax credits, etc.Do you see the problem with your two statements:"The turnover costs could/will be high"and"How much more damage could they do?"

Traditional deals often don’t excite investors—offering $200/month in cash flow isn’t very compelling.But with co-living, you can offer 5X the returns, making it much easier to secure funding.Now, instead of asking an investor to put up a 20% down payment for $200/month cash flow, you can pitch them a 5% down investment yielding $1,000+/month—a much more attractive deal.Why Co-Living is the FutureCo-living isn’t just another strategy—it’s a high-demand, high-cash-flow, lower-risk investment model that aligns with today’s rental market trends.

I'm exploring the demand for 3D virtual tours and high-quality real estate photography for both real REIs and (REAs).

I just don't want to buy that close to the water due to flooding concerns.