The reason it won’t work is that “low end” assisted living is not profitable.  

It does not specifically say no co-living arrangements. 

It’s a unique setup: 100% master-leased to a corporate tenant (Sober Living) for 3 years.The Numbers:Purchase: ~$640kTenant pays all utilities/maintenance (NNN-Lite).DSCR is strong (>1.35), so financing is straightforward.Projecting ~11% CoC return.I'm planning to bring in a capital partner for the EMD/Down Payment ($185k total).My Question for the group: For those who have done corporate-backed JV deals, do you typically stick to a straight 50/50 equity split, or do you offer a preferred return?

Co-Living is tricky with tenants getting along and overall liability but is a great way to increase income.

With STR's BP has a ton of videos on Youtube about it, as well as videos from other people actively in the business.

Nice work turning that into a co-living play.

Hopefully you live nearby?

Since not everyone can tour in person, offering a quick FaceTime or video walkthrough can make all the difference.At the end of the day, leasing specialists need to think more like Realtorsto close the deal build rapport, stay consistent, and keep following up.Keep going, landlords don’t lose momentum, You got this!

What I find in the video above is rather shocking. 

When I first started investing, I was living in Portland and buying in Columbus, and I learned pretty quickly that you don’t need to be there in person if you have a reliable handyman, inspector, and someone who can put eyes on the property for you when needed.