For long term B&H, this is the right choice. 

If you have the funds to buy that house and put down $200k+ you have a lot of options that I would consider to be safer investments.Something along the lines of the worst house on the best street in the best neighborhood you can afford would be a smarter choice, but it comes with a lot of work that you don't have here. 

Hi Ryan, That's cool that you're a student at Assumption.

., on picking your best governance element choices available under NRS 86 for the entity formation documents - and - what kinds of advice have they seen such an entity needing as it operates throughout its lifetime / and what has their success rate been with REI clients and their entities during the operating phase of the biz.Good hunting for these start-up and operating Power Team members!

Thanks @Ryan Cameron, @Ali Boone, @Mike B. - I think this house is too overwhelming for my first deal and you're right, the house needs a ton of work which I'm not in a position to finance even though the rents might be steady.

College choice will impact the cost more than anything.  

It all comes down to life style choices.

Hi Ryan,Most of what you describe is normal operating procedure for a fund selling a property since they are selling as is.

Best, Ryan

Hi Ryan,I don't have an answer to your question yet, as I am learning the business myself as well.