The end goal is to own 63 properties in 7 university markets with nearly 3,000+ beds. However, the addressable market still consists of more than 6.3 million students in 280 markets, based on my target market of Histo...

Welcome to BP community, hope all is well.What was my driving force was eating up audio books to speed up the gaining knowledge process, in return I would gather my questions faster for more deeper research.also all podcast/video-blogs from BP, listen to all of them until you start feeling a craving for a certain niche, then focus more on that new found hunger.recommended books:-Rich Dad Poor Dad-Millionaire Real Estate Agent (known as the Red book within REA's)-Millionaire Real Estate Investor (known as the Blue book within REA's)-4 hour work week-The E Myth for Real Estate Investors-Profit First-10x Rule-Ultimate Beginner's Guide to Real Estate Investing (free from BP)Good luck, you seek , you will find#keepthehustle #lifeisworthliving #notdreamingitsreality

It would all depend on your comfort level with the area that the building is in.

My name is Joe Sherman, I have been in the real estate business on a personal level since 1998 when I bought my first home.  

There's no faster (or safer) way to learn than by partnering with experience. 

Hit 'em up with your questions - one of the reasons I chose Grand Rapids was the level of support I received from local investors. 

Regarding your question about the 5-year period, I believe you are talking about the built-in-gains (BIG) tax but you may also be talking about Section 351 transfers.The BIG tax allows you to avoid taxation at the highest corporate level on your built in gains when you convert a C Corp to an S Corp as long as you don't sell the property or otherwise recognize those gains within a five year period.

From a high level, figure out what means retiring to you.

Probably the best ways to get started depending on your cash level is to wholesale or do Fix and Flip.  

I would call that middle class at least, and that's assuming 0% interest on that initial $3.5M.So, you're ***-u-me-ing perfect health, no injuries / accidents, no natural catastrophes (hurricanes / cyclones, wild fires, volcanic eruptions, ... at least two of which are common in HI), vehicles which last forever and never need to be replaced, destruction-proof housing and furnishings, ...... and if you CAN live that lifestyle in HI on $100K / yr (most people can't in ANY state), why are you not teaching personal finance at the university level?