My strategy is to exit in 3 years.Based on my calculations, it will generate 3.7% cash-on-cash return in the first year (with an aggressive expense estimates) - I am betting on the appreciation value than cash flow.

My advice would be looking into other revenue-generating options to diversify risk.

The banks will withdraw money and hold it in limbo for awhile-- they use this "float" to increase profits.

However, the non-profit that's got them for dirt cheap is rehabbing them.

I am wondering what are your thoughts on these co-living start ups and how would one structure a profit sharing agreement with a landlord to start something like this?

No gurus No gimmicks just building profitable partnerships.

Is there a way I can flip this property without putting down an earnest money deposit or any of my own cash, (which I have none) to my end buyer and ultimately make a profit.

@Andrew Michaud I would focus your spend on what will generate the most income for you either through increase rents or reduced expenses.

I currently own 2 property which one is my principal residence and the other one I am renting it and making 500 per month profit on it.

If your goal is to generate passive income over time then get into rentals.