A little conversation redirect here: this "method" as posed by the original poster has been thoroughly and utterly debunked.A quick analogy:I brush my teeth two minutes per cleaning.

If your potential renter is not clean and can't maintain the common areas well they are not a good fit for co-living.

Many folks would I bet Personally, I have no price and prefer sleeping well at night haha  Jay knows an instance where my company was printing money “cleanly” but where in bed with an operator that wasn’t legit.Cut ties and cost us probably millions in doing so…

Plumbing: The plumber spent hours cleaning out “flushable wipes” from the pipes.

If the tenant does not clean up large trash items in the backyard despite repeated requests.

We do nice kitchens and stainless appliances, have cleaning service, pest control, landscaping and address any maintenance issues immediately. 

Like the push to get tiny houses accepted and zoning changed,   a "cleanly well run rooming house" business model has yet to get much muninicipal acceptance tracktion.  

So if you want to handle the extra work, like cleaning, repairs and all of the calls and texts, then go for it.

Over the last (3) years I have seen some extreme cases of expedited equity where an investor buys an older home or "Ugly Inventory" and then bats clean up on the ARV in 12 months.To give you an example I helped an investor refinance her home in 2023 pull cash out to buy a $65K home all cash.

Direct expenses are expenses directly attributable to the rental units (ex: rental unit repairs/cleaning, advertising, rental adm exp, etc)