At least 50% of turnkeys are currently questionable.5+ years ago, values & rents were increasing, so it was easy for the turnkey flippers to deliver.Now, values are up, but not increasing that fast, same with rents.Turnkey flippers are getting their profits squeezed with:Higher purchase pricesHigher material costsHigher labor costsLonger holding periodsSo, many cut corners or prey on cash buyers to overcharge them, using hyped ROI numbers.Even the turnkey, build-to-rent investors are finding their properties are performing as expected.

You both walk away with what you want.You get compensated for your work.He gets a property that is valued more which he can sell for a larger cost.If that works out well, i would consider then partnering.best of luck

Some basic co-living principles: Choose an area that's B+-C+, check zoning/unrelated persons rules, have lots of parking, decent sized rooms, a decent amount of shared area, rules that ALL abide by, streamline each and every process (several software's do this for co-living), enforce rules and checkin regularly (unless there's a house manager for larger properties), have a professional cleaner do the common areas at least once per month, define everything: processes in the house, who cleans what and when, where they can store their dishes and to clean right away, how conflicts will be dealt with, etc.

These have a big affect on how profitable or efficently you can run your investment.  3) Build your network in that area.

My goal is to scale beyond single-family rentals and small multifamily units, and I'm eager to learn how investors break into the larger apartment complex deals—especially using other people’s money or with a low initial investment.I'm open to syndications, joint ventures (JVs), and partnership structures that allow for a lower capital outlay while maximizing potential upside.

And we've been building our own as we continue to add to our portfolio in the area (literally just my husband and I building from the ground up) which makes it much easier to be profitable and build equity. 

From the IRS Profit motive safe harborAn activity is generally presumed to be for profit if it has made a profit in at least three of the last five tax years.

Material prices have continued to rise, particularly mechanical/plumbing supplies, but it's been gradual and no changes within reasonable rehab life cycles that are truly profitability altering.

(I’m in Indianapolis and there are plenty of those here) A nice area where you or at least you’d let your kids live is more expensive upfront, but more profitable over a 10 year span.

I'm not expecting to profit a great deal on my first property but definitely don't want to be paying out of my own pocket each month for the mortgage.