Keep at it—experience really is the best teacher in this part of the game!

Look at the following Equity StrippingThis hit the news today, Apparently it spans, CA, AZ, TX, GA, FL, DC and you name it they've been there.

The syndications I am currently involved with are not acquiring additional properties at this time.

@Beruk Lessanework I would also have someone take a look at the Freddie Mac BorrowSmart Program.

At least you never ever listen to the people who had a “different perspective” on this topic again.

@Derick Hunter it appears the "market" is telling you that there are few, if any, student-groups looking for 2 & 3 bedroom housing - at least at this time of the year.You may need to either:1) Wait for summer, when students start lining up housing for the start of classes in the fall.2) Offer rooms for rent in the 2 & 3 bedroom units. - This may have its own headaches as you will have to match various roommates that hopefully get along.

BEWARE: Many of the lots you see at Pocono area sheriff sales were abandoned because they were deemed not-buildable due to changing septic system requirements and pushback from the EPA. 

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Now, if your intentions were to flip and then you ended up holding the property for at least a year, that could qualify for a 1031.

I've heard buying AT auction is not recommended unless one is a seasoned investor, which I am not (despite having an investment property for the past 5 years). you could get a hard money loan but it will be expensive.