In Nancy’s opinion, this care model, combined with the social capital of a cohousing community when properly supported with trained staff can result in quality care.

I agree with a strong property management plan, but I find the screening process is paramount. 

I will be managing the property and have done a deep dive in all things real estate - screening, leases, Oregon tenant laws, etc.

@Aaron Gordon  we did the student rentals down here in Narragansett for  a long time and the more accurate screening was getting the major.

@Celine Li Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Like you mentioned , the prices are going down because a lot of people thought you could just buy a property and slap it on airbnb , expecting it to rent well without doing improvements , not realizing that the market would be overstaturated with " C and D " quality properties ( A+ are the properties i'm speaking of)I'm seeing that you can buy those type properties( A+ potential) that have simply been under utilized and 1.

Any tips on how to screen the tenants?

You can also sell them on sites like paperstac, debexpert or others as well as brokers like Mission Capital, Rams or Phoenix.Depending on quality of paper and interest rate will determine sales price - also I would say self servicing can have a negative impact on the sales price as the major players in the space are not fond of self servicing. 

I have mine really nicely furnished with good quality furniture and high end finishes (quartz, stainless steel appliances). 

Also, any best practices for room rentals that you recommend for screening and keeping tenants.