My team has worked with quite a few investors doing co-living or rent-by-the-room models around metro Atlanta, and overall, it can be a really strong strategy when approached intentionally.Co-living fills a very real gap in the market — it provides affordable, flexible housing for working professionals, students, and people in transition, while also producing higher returns than traditional single-family rentals.

As a wholesaler, you could be missing out on other clients - mainly, buyers and traditional sellers.If you're already making calls and other marketing efforts to get deals, consider partnering with someone to buy those deals.

A hundred bucks a month sounds nice on paper, but when it’s tied to guest messages at 11pm and constant turnovers, that premium disappears pretty fast.I’m focused on the Florida Panhandle, mainly Panama City Beach and Destin, and I’ve found the STR game here feels like a different world compared to more traditional rental markets.

Hey,I am located in Bloomfield, NJ.It is very tough to make anything cashflow in this area with traditional investing.

From an investment perspective, the returns are typically stronger than traditional single-family rentals, which helps offset the moderate zoning risk.As with any model that lives in a gray area, strong management and community awareness are key—keeping properties well-maintained, managing parking, and minimizing turnover-related disruptions goes a long way in avoiding unwanted attention or complaints.We work with a number of investors using this strategy successfully throughout the metro area.

Traditional Hard Money lenders do not like mid-rehab deals...

Have you looked into a refinance to a more traditional loan to lower your monthly overhead?

Definitely worth involving a local real estate attorney or title company before bidding to check for any liens, back taxes, or other issues that could stick with the property—unlike a traditional sale, those risks are on the buyer.

Then in 6 months I would refinance into a traditional mortgage.

@Josh Reynolds I have two types of bird dogs.1) The traditional way where they drive around and look for houses, take pictures, etc.