Not sure I care about this honestly as most people know there is a filter to change how things are ranked and use it.  

If you buy a property with a tenant already there, what if the home needs a lot of rehab when they move out?

There is no point in doing a 1031 exchange if you expect a loss from the transaction.A 1031 is meant to defer your gain.There are numbers which you can analyze and stress which is not easy to analyze.It looks like you are stressed with this investment and I would sell.I personally, however, would look to make the improvement for $10,000 to get one of the other units up and running.

Perhaps same with San Antonio, but just because the overall market may not be favorable, doesn't mean you can't find a deal or the right deal in any of them.Where do you live now and why wouldn't you invest there? 

When you get up there to that level of renovation, there is always unknowns that pop up. 

@Alex Lee - A conventional renovation loan is not an FHA loan and requires a larger down payment...with the Homestyle renovation loan you can put down as low as 5%.If you can do Homestyle instead of FHA 203k, I think that is a bit easier since there are not as many regulations and requirements.  

With Airbnb prices rising, we loved the idea of investing in a few different small apartments scattered around the world so we would have a virtually free place to stay, and when we were not there we would make money off of sites like Booking and Airbnb.

Originally posted by @Rayan Faris:@Joe Villeneuve Thanks for your answer Joe.Someone correct me if I am wrong but there is a difference between knowingly hiring a fraud and unknowingly hiring one.

I've closed 20+ coliving deals as an agent over the past year or so and have offered/UC on dozens more.If you're going to buy a 'turnkey' operation (following info is true for a coliving BRRRR) - the buyer's out there are underwriting the properties to about a 9-10 cap on what the properties can generate conservatively OR are generating.

If they can do it and be a resource for you, there is no reason you can't.