Are they going to be able to buy your proudly done flip.3) If you misjudge the market, do you know when to dump it.4) Can you put a spreadsheet together on your purchase costs, carrying costs, rehab costs, closing costs, selling costs, tax costs, contractors that don't show and delay your project etc. etc. etc.5) Is the return worth the risk.

Instead, it could impact your cost basis in the property, which would affect depreciation and future tax calculations.

They can really throw off your numbers if you are not familiar with a citys transfer tax, and fees.

Also, consider the appreciation and tax benefits.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

.💬 Ask in the right forum – If you’re looking for financial advice, head over to the Finance, Tax, and Legal forum.

And, if you are going to buy someone's time and expertise to train you, DO THE WORK. 

This isn’t/wasn’t a loophole - just tax policy. 

Chances of collection are slim, what we have done is sent them a 1099 so they have to pay taxes on the amount they owed since we knew we would not get anything from them.

Also, as this co-living thing is generally new and catching on in some cities, I would hate to have this whole strategy ruined by a new restriction set by the city for co-living or the crazy rise in mortgage cost from property taxes and be forced to revert back to the traditional route.So my question is for those that are already doing the co-living strategy; are you all buying the home purely off of the co-living cash flow, or are you all considering the cash flow from renting the home with just one tenant as well?