Memphis definitely has pockets where the room-rental model hits strong cash flow, especially when the house layout supports privacy and you’ve got tight systems in place.Curious what part of the city you're operating in and how you're handling the operational side.• cleaning and turnovers• conflict resolution between tenants• utilities + WiFi management• screening and house rulesIn my experience running volume in Memphis, the success of co-living comes down to whether your systems can maintain stability without the property turning into a full-time management job.

The big lot, privacy, and flexibility are attractive if you’re thinking about something unique.But you’ll still want to confirm exactly what the county allows and run a conservative STR analysis to be sure the numbers make sense at an $800k price point.

In many neighborhoods, once you pass a certain lot size, the added land doesn’t increase value dollar-for-dollar anymore.However, if you’re in an area where extra acreage means more privacy, bigger yards, or the ability to add amenities, then you’ll want to make an adjustment.

Quote from @Brandon Arce: I have read that the Wyoming LLC offers the most protection in terms of privacy, and then combining it with a Trust for the upmost security.Honestly, this is a question for an attorney.

The addition will make it perfect for two families, with lots of room and privacy for everyone, so I hope to have some extra revenue from the addition. 

When we asked for references our sales guy (Noah) said that he couldn't provide any because of privacy issues. 

Hi- Looking for input: Keeping details high-level for privacy. 3–4 bed SFH, ~2,000–2,600 sf, 2000s build, water/preserve outlook, NO private pool, standard HOA (not a resort community).

If true, try local rags, church newsletters, signs,etc.Why are you concerned about "privacy" when trying to rent out a property?

Safety and privacy come first.However, if the goal is to reach $9,000 a month in cash flow, a rent-by-the-room or co-living model can be a great strategy if it’s done in a separate property.

You're going to run into this in most of the major STR markets because within the last 2 years we have seen a massive spike in available inventory.In order to compete with the competition now, hosts/owners/operators need to step up their game and be willing to invest in good quality furniture, memory foam mattresses, high quality linens, professional seasonal photography, etc.In the high desert, most visitors are looking for peace, quiet, privacy, and amazing scenery so this means stay away from purchasing homes in residential neighborhoods with neighbors on all sides.