I work on a ton of Padsplits in the Atlanta market and it is tough for a 4 bed co-living property to be much more profitable than a long term tenant factoring in additional utility expesnes, padsplit fees, and additional property management expenses.

The place where you can add value with no money is a situation like: you find project A, it is a 120k purchase and it should need 80k rehab but you can get rehab done for 65k cause you can do some of the work and you know how to save on materials and you can manage the rehab. 

The local property will give you practical management experience.You might do better buying a REIT if you are planning to buy single properties far from home.

Good luck  Total Rents Collected: $23,025/mo Debt Service: $12,358/mo (sad for me. 8% interest rates lol) Property Management 10%: $2,303/moReserves (Vacancy 5%, Maintenance 10%): $3,454/moPhantom Cash Flow: $8,365/moTrue Cash Flow: $4,911/mo (Money I can legit burn)  bob as you probably know I owned a few hundred of these types of homes from DetroitCleveland to Jackson ms  Birmingham balt city etc etc.  

I used to help manage 30+ STRs in the city with a McSwain Management.

It’s been a while, but I finally managed to get back into the BP forum—great to be here again!

Instead of a co-host can you just get a property manager that specializes in it?

The investor manages the project, and the lender receives a percentage of the profits upon sale. - The property is renovated and sold at a significant profit, and both parties are satisfied. 5.

For appointment setting: we offer an AI-powered re-engagement and appointment setting platform specifically built for RE investors that integrates with your CRM and ultimately makes your lead management process much more efficient. 

There are tons of articles and Youtube videos to help you with setup and monthly management.