Remember that a piece of the pie is better than no piece at all.Please keep us updated on how this goes.Best of luck!

I have a duplex in a very trendy and fast growing area on the west side of Cleveland (Gordon Square).

Just Remember with FHA the properties cash flow minus 25% must be greater than the mortgage payment or your will need to go conventional.  

As to your strategy, remember OPM is the key to building a real estate income machine.

Each grouping had a common room (perhaps it was shared by multiple groupings ... this was a detail I missed) with a nurses/aid workers office.Central to the two sides of the complex were common facilities such as a dining hall, gym {perhaps a pool ... another detail I missed}, theatre &  games room.With one of the fastest growing groups in our society being single people, we are examining a related idea of a  complex / building providing a modest-sized 1-bdroom "apartment" with more semi-private and common amenities.When I read the title to your thread, I thought it was a project proposing to mix students and seniors into a single complex ... and came in thinking, this ought to be interesting :-)

Just remember to price to your property higher on VRBO than on Airbnb.

This is very typical of how most smaller towns in Portugal, where I lived for a couple of years growing up. 

Entire property looks to be in great shape and is in a growing area near the beach (1 mile).Foreclosed in 2016, investor rehabbed one unit to make it turnkey.

Remember, you do not pay capital gains taxes on the sale, you only pay taxes on the gain, if any (if you have a loss, you don't get any deduction since it was your residence). 

We still have room to grow.