They eat all their profits because they have to live off it.   

I've been in a co-living mastermind for a year, but I'm curious how you set your business up.

Both of those websites charge the tenants more than $25 and we require all adults living in our units to pay and fill out an application. 

I'm in Northeast Ohio where the cost of living is lower than most of the country, but my CPA charges us $400 a year (I'm down to 2 properties now).Even if you decide to handle them yourself this year, go to your local REI meetup and find out who investors around you are using.

These units are perfect for owner occupants, and they are perfect for related living as you have described.

This 16-acre mixed-use community bridges Downtown Gastonia and the historic Loray Mill District, creating a vibrant live/work/play corridor.⚾ Franklin Yards-Gastonia- A $26M, 5,000-seat multi-purpose sports and entertainment venue, with future plans for residential, retail, and office spaces.🍽 Food Hall-Gastonia-Gaston County’s first food hall is in the works!

Self-Directed IRA (SDIRA) – Best Option✅ Roll over your Traditional IRA into a Self-Directed IRA (SDIRA)✅ Buy the property directly through the SDIRA (you can't personally own it)✅ All income & expenses must flow through the IRA—no personal benefit until withdrawal📌 Rules to Follow:You can’t use it as a personal residence (strictly investment)No "self-dealing" (you or family members can’t personally work on or live in the property)Loans must be non-recourse (no personal guarantees)2.

If they're evaluating other properties and you have a good social presence that gives them peace of mind and a good sense that they'll have a nice living experience, that could be the tipping point if they're considering a similar property. 

Our standard language states:In the event that Tenants decide they no longer want to live together, ___________ will be considered the primary Tenant to make decisions about modifying or terminating tenancy.

Investment property (not primary residence) It's the industry standard if you're not going to live there.