First, the beginning of Hypersupply is normally a seller’s market so your properties can command top dollar if you exit early.

Some guys want to pocket the subsistence and live in a 30' camper, again great return on your money, no dead beats in the military as you will get paid if set up on a automatic transfer, or call their commanding officer.Think out side of the box!!

Knowing I am going to make it up on the back end by rehabbing it to look higher-end to command higher rents.

In retrospect i would not have added as many bathrooms to save costs, however each room now commands a premium compared to other houses with only private bedrooms.

Pet-friendly rentals command a higher rate, btw.The closer you are to the university, the higher the rents seem to be.

If you are going to rent it out and live upstairs you'll want to finish any unfinished areas to command higher rent.Assess the cost and extent of work needed to transform unfinished areas into a livable space.This is where using an experienced realtor to help you ballpark is important.

Unless you have tons of experience already with corporate management (or military command), it's going to take time to learn how to understand and manage the PEOPLE who are your tenants.

I usually see at least 15% IRR on the hurdle but I'd assume the operator is very experienced if they are commanding these fees..which usually makes up for it. 

On market "plexes" command a premium.

Fingers crossed they can get the bid to be the site for the home of the Space Command.