But there is no TA involved. I am only signing a management contract with the co-living operator who will manage my unit. They will collect the room rentals on my behalf, deduct whatever fees and utilities and then pay me the balance. So my question is whether that contract that i sign with the operator can be recognized by the bank.

So, just to clarify. I am an individual property owner. Don't intend to open any company.

I am signing a contract with a property management company - a co-living operator who will manage my unit, collect the rent on my behalf, and pay me whatever balance after their fee/utilities deductions.