@Andy Horobec, I think the co-living situation is great for some & indifferent for others that depend on the situation.In general, I'd always ensure that any potential property consider still meets the general criteria for what you consider is a deal as if you were renting it out as a regular SFH.Many people got caught up with this in regards to AirBnB, then I feel like oversaturated the market.

“I’ll lose money on hidden or unexpected expenses.”Regular financial reporting, full disclosure of fees, and proactive maintenance planning make expenses predictable and transparent.Out-of-state investing doesn’t have to be risky — it has to be planned.The right systems, communication channels, and local expertise can turn what feels like a gamble into a scalable, stress-free investment.If you’ve been considering expanding to new markets but aren’t sure how to overcome these challenges, I’d love to discuss your concerns and share what’s worked for other investors.

Quote from @Jonathan Khalily: This should be something that you can do less regularly, and a bookkeeper do for you if the money is coming into one account with the units you hold in your name/LLC.

@James Thomas Nakashian You can use your regular process and modify your lease accordingly.

I'd also look for deal flow by connecting with agents, wholesalers, and other investors so you’re regularly seeing properties before they hit the market, and creating more opportunity. 

.• For MTRs (30–90 day stays), they’re generally treated as regular residential rentals, so losses remain passive unless you qualify for Real Estate Professional Status (REPS).This post does not create a CPA-Client relationship.

More you can do to protect yourself the better.That also means by cleaning up all your practice/operations, filing all necessary forms on a regular, bookkeeping & recordkeeping, etc.

Here is an example of how: How to make the map (free + fast)Go to Google My Maps (not regular Maps): https://www.google.com/mymapsCreate a new map → “Import” on the first layer → upload the CSV you just downloaded.Set “Name” as the title column and “Address” as the location column.Click the paint-bucket icon to style categories (Parks, Museums, Food & Drink).Rename the map “Guest Map” → Share → change link to “Anyone with the link – Viewer.”

Currently have savings and still saving with my salary job but takes time and multi family properties in my area are hard to make cash flow using regular bank conventional or fha loans.

It has two wells that provide water. septic is a holding tank regularly pumped  I am a mechanical contractor doing plumbing and hvac/r.