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Think great concept for older people want to stay in area but need a more supportive community around them

The only reason it is structured as unsecured is if 1) the borrower's net worth is substantial and it's basically a credit card or 2) collateralize funds cannot be secured for a specific reason (such as high volume inventory purchase/sales) but the ave balance stays constant.

Check out the Ultimate Beginner's Guide to Real Estate Investing:http://www.biggerpockets.com/ultimatebeginnersguide.pdf 

I am not a banker but I think this would also help out DTI since our overall expenses are going down while rent stays the same. 

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Does it mean they'll stay? 

Hello AllI have been hiding in the shadows for some time now, faithfully watching webinars every Wednesday night, downloading podcasts to listen in car, and reading reading reading from forums to Kyosaki to John Schaub to BP Beginners Guide to REI and whatever else I can get my hands on.Huge believer in the power of passive income and the teachings of Tim Ferris.

have laundry room on each floor and eating area and set of rules in kitchen area. met a lot of travelers who stay at hostels and they have setup like that. there was one where they had a weekly dinner and had to contribute towards food prep and cooking to keep cost down and for laundry they had washer/dryers.