There is a glut of Temple student housing and those that succeed in that market tend to be experienced in student housing -- it is a niche business that you need to learn in depth - everything from what students in that particular school look for (furnished, one bath per room, rooftop deck...) to knowing how to handle leasing to students (and parents) to the fact that you will have yearly turnovers - no long term tenants for obvious reasons.

Most have 2 bathrooms, a nice deck, some have washer and dryer.  

It’s a relatively upscale property with a rooftop deck overlooking the city.

Pool inspections, deck inspections, Florida business licenses and Florida hospitality license.

I gave him the slide deck.  

It was a unique situation that stacked the deck in my favor How did you find this deal and how did you negotiate it?

The entitlements & land value will be negligible based on what you shared for this transaction.Come ready with a heavily data backed pitch deck on the projected income of this project + your history in the space.

Value is added by upgrading a few things interior ( new hardwood floor throughout the house, new fence around the entire property, upgraded kitchen and bathroom cabinets, added a new deck and outdoor kitchen) What was the outcome?

It was advertised as a 2024 roof, 2024 HVAC, brand new floors, brand new appliances, a brand new deck, brand new paint, etc.

All i've done for the 35% is buy the fund and check it weekly while I light up my cigar and sip whiskey on my deck.