I'm a Realtor with a couple properties listed in Boise, ID and a neighboring town for my investor/client that are currently rented as co-living or rent-by-the-room and getting killer income. (7.3% - 9.5% Cap rate) So far, every inquiry has been baffled by the concept of co-living or rent-by-the-room and immediately ask if they're being run as a halfway-house (which they are not).

The LLC sells the subject property and buys, for example, 3 replacement properties in a 1031 exchange. 

The property isn’t worth what he paid for it. 

Is the property & tenants mostly easy to manage or is it taking up a lot of your time?

Talk to me if you want to find out why.

Hi Arthur, every property is unique.

I would start keeping track of everything that you've had/have to do while owning/acquiring this property.

Properties should be within about 5 miles of such hospitals.

For multifamily properties, this is often around 40-50%, but it can vary depending on the property's condition, location, and age.- Analyze Comparable Properties: If you’re working in a specific market, reach out to other landlords or property managers with similar assets.

My understanding is that typically, a homeowner must live in the property for at least a year before converting it to a rental.