This is/was pretty common in applications where you want to minimize sound transfer (like a condo). 

On one single family home (see actual numbers below) I pull in 4-6x the cashflow of $200 per door we often hear we should expect, I am looking for partners to work with me to expand this performance.Total cash costs for Acquisition (20% down payment & other fees), Rehab, and light furnishing of the common areas and each bedroom for this home came to $80,000.

I think that’s pretty common  Regarding eviction, you will have to pay filing fees up front with the court but will your PM still charge you the full $250 if the tenant decides to pay and stay?

Within 90 days of purchasing the property I was able to increase rents to $625 ($50 increase) each due to improvements made to the common area, landscaping, and any upgrades we could make while having 100% occupancy.

It's commonly recommended to have six months of PITI for reserves.

At some point in the future if variance is more common, perhaps they will check more frequently, but I don't think that day is today.I think a price reduction is in your near future. 

It used to be common for people to go home to die. 

These are all fairly common fees and common anounts.Have you tried to figure out how much time it would take to manage this yourself? 

One thing to remember with rent by the room is creating specific and direct rules when it comes to the common areas, because this is where the majority of conflict will arise.

@Robert ChaitonThere are two ways for more than one person to own a property.Tenants in common or as an Entity.When setting up the LLC, you want to discuss the following items1) Responsibilities for each member/partner2) Exit opportunity(5 years, 10 years?)