Message me and we can cover all that and where I think you'll be best served investing in our market and similar markets in Texas as well as best practices.

Co-living is seen as a non-financial tool to encourage deeply affordable units, serving as transitional housing along the housing continuum.A study by Gensler and The Pew Charitable Trusts highlighted that adaptive-reuse co-living spaces could offer more affordable housing solutions compared to traditional studio apartments.

For right now, I think you're better served handling that yourself and partnering with a CPA on the tax work. 

But perhaps you would be better served helping a local experienced investor find deals and ask them to show you exactly how they analyze deals, what's good vs bad, how do they finance (debt vs equity) etc etc and understand their business model that has a proven track record by providing value to them.

If you live in the building, it could also serve as an office, rec room, or storage space.

The key is to start small, follow proven strategies, and lean on your strengths—your determination, cautious approach, and willingness to learn will serve you well.

I own and invest in Birmingham and would be happy to connect to share insights and introduce you to contacts in my network.I also work for a local property management company that serves many out-of-state investors.If you come across any properties, I’d be happy to provide rental analysis reports based on comparable rentals to help you evaluate potential investments.Looking forward to connecting!

They are serving it up like you are guaranteed to make $500k.

They overlook obvious lease violations and errantly serve harsh notices, falsely stating requests from the owners and insult their compliant tenants while allowing issues to be unresolved.

@Jason Dillard Even if the EDM is refundable, point me to the title company/brokerage who serves as escrow agent and returns EDM's without mutual sign off from both parties to the sale contract.