It’s important to take the following items into consideration:Leverage including not just senior debt but also mezzanine or preferred equity that sits ahead of common LP equity in the capital stackLender quality and who the lender is.

Shared kitchens and common living areas = newly renovated with all new cabinets, countertops, and stainless appliancesRent by the roomWeekly rent, paid every FridayTarget tenant base: working adults (not student housing), transitioning veterans, travel nurses etc.  

Research the area you plan to invest, learn what the most common expences come up and how often, apply a little common sense (add extra to the budget for the unexpected), and build a cash reserve or contingency plan to address these expenses. 

Things in your tax filing need to be really off to do this.Being a REP/active participant and using cost seg to offset a spouses (or your own if that's all you do) W-2 wages is fairly common practice.

It would be helpful to hear from LPs on what they view as an ideal level of communication and reporting from a sponsor.Another common takeaway is that many LPs are unclear on how investments are structured from a distribution perspective, including how and why distributions are made over the life of a deal.

Experience, contribution of real estate, labor, capital & balance sheet strength for loan guarantees are common factors to consider as well as objectives.Those inputs form the foundation of the partnership, and the way the partnership is structured flows directly from them.

Fewer, higher-quality properties often outperform larger portfolios that look good on paper but are harder to live with day to day.Appreciate you adding this — the focus on quality is really the common thread across every successful strategy shared here.

I’m only touching the tip of the iceberg here, but beyond commonly known items like FBAR reporting, there are forms such as Form 3520 (and many others) that foreign investors need to be aware of, along with additional reporting, withholding, and structuring considerations.

I'm curious to know if this type of loans are even realistic or common.

This is very common with Section 8 properties in Cleveland, Ohio.