I think he's in the process right now so I'm not sure how it's turned out, but last time I spoke with him it seemed that it was going well.I always tell people looking to do co-living that there is a certain amount of risk that you have to be willing to take on.

Choose the one that offers the best deal and service, and you'll be set to move forward with the process.

This is a fully legal process that has been irrelevant since the 80s because rates have just dropped.

It has been good to be brought down to reality and realize that there will be many struggles during the process.

Breaking it down by room can make the process a lot easier.There are also some great pre-made checklists in Airbnb host groups and forums if you need a starting point.

All new tenants should go through the application process and be charged the application fee.

I am just trying to educate you on the process.

Hard money typically refers to a company that has it's own underwriting guidelines, rates (9% - 15%), costs, draw process ect.

Inevitably there will be some "friction points" that you'll have to discuss/mediate, but ultimately if they are not willing to adopt a majority/all of your processes, then I think you mutually set up a date that works for them to move. e.g. 60 days, 90 days, etc...

In process....stabilization in 12 months Lessons learned?