Running the numbers yourself, talking with lenders, property managers, and even observing or participating in a deal through a co-investing or mentorship setup will accelerate learning far beyond theory.

Quote from @Nate Marroquin: Hello,I have a rental property in Aurora CO, where I rent per room.

Hi all,We launched our co-living business this May in a market with many scientists and engineers who have stable incomes.

On the broker side 90/10, $500 minimum fee for experienced originators, 80/20 for average originators, 50/50 on co-brokered/referral only deals. 

These were on mid sized apartment buildings 20-60 unit types, not houses so that may be the difference.

The tax basis really depends on how your sisters were added to the title of the property.If your parents added them as co-owners while they were still alive, that means your sisters already owned part of the property during your parents’ lifetime.

I’d imagine you’re looking at Texas for the same reason many are—it’s just a different world here compared to the costs in Colorado. 

A co-worker (at the time) and a close friend EACH recommended Rich Dad Poor Dad.

I'm finishing up an MBA in Data Analytics at Clemson and hold a bachelor’s degree in Industrial Engineering.I'm preparing to co-found an LLC with a fellow Army Captain as a 50/50 partnership focused on long-term rentals and BRRRR projects, or potential flips depending on cash flow.

I would also caution any investor to think carefully before adjusting strategy to room rental and co-hosting.