OH Sabrina this one is over priced what were you thinking etc etc.. my comment is not aimed at a company or individual its aimed at the whole mid west..

My aim is to ensure that I don't violate any rules related to my FHA loan, and I believe that hosting a co-living space would allow me to acquire a single home residential property and save money on monthly mortgage.

I have no need for this immediate cash flow--this is to set me up to own cash flowing properties in 10 years that will allow me to either supplement my current income or choose to walk away from my job altogether.  

I would look online and then supplement your knowledge with specific questions here on BP.  

If you're looking to supplement/replace your income, this strategy obviously won't work.

Even with that, your aim should not solely be to attend a REI club for the presentation, but rather to network with others in attendance.

I am aiming to have my first property by mid-year (May-July) hopefully.

Yes I’ve signed up for Baltimore REIA and BWI so aiming to begin networking.

I've got a list of the expenses the owner pays vs the tenants (and will verify during due diligence) so that's also all in the expense calculation and unless he's not truthful we're covered there.I do like assuming a discounted NOI for the first few years too to create a buffer for the bad things happening.I'm going to try to put down as little as realistically possible aiming for about 10% so maybe a 75/15/10 with the seller carrying 15% and I'm getting a couple quotes for the commercial loan this week, one from my latest broker and another from a community bank that I've dealt with once before.Hope that all makes sense.Agreed, @David Lichtenstadter and @Watson Smith, I don't want to do this deal at $0 cash flow because it's too thin and risky and I'm looking for a deal that will cash flow (to supplement my existing properties that are structured as long-term holds).

Is there a certain number I should be aiming for for both cash flow yield and ROI?