Quote from @Melissa Wilson: Both buying and selling, I am baffled by the lack of basic communication skills and relationship management ability.

It'll be hard to find a seller who will be willing to vacate a paying tenant prior to closing for the reasons already laid out above: basically if you back out for any reason during the contract period whether by choice or for reasons beyond your control, then the seller is stuck with a vacant unit and no income until they find a different buyer or a new tenant.

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.

Well, basically everything!

The goal is speed + recycling capital, not hitting a “perfect product” on Day 1.A house doesn’t need to be fully modernized to get a strong appraisal, especially if structural, mechanical, and cosmetic basics are already improved.3.

Think “hotel-clean, home-comfortable.”You’re basically doing what most landlords should do: small, thoughtful improvements that make the tenant actually want to stay longer and pay a little more.

The really good stuff was basically invite-only, you had to know somebody and it seemed like there was a small group of well-established and well-funded players operating in the space.

Once set up, it handled the basics well, but like any system, there are trade-offs depending on your priorities.

They've had basic feature and usability requests (e.g. auto-split transaction, create category rules, split in mobile app, etc.) on their "wishlist" for years with zero movement, communication, or transparency.

Going over the basics with the tenants on move in.