Instead, you hold onto it as a rental and refi out your initial capital investment (purchase and remodel) to do the “repeat” part.With a more traditional “buy and hold rental,” you aren’t buying a distressed home that requires a significant amount of remodeling to achieve the 70% ARV to be able to refi your capital out.

Reading this does not make me want to share my contacts with you especially how you haven't provided any value to anyone.Try reaching out to some bigger pockets members via messages and try to connect on a more sincere level.

I am a home owner and looking to become a more active investor in the near future. 

However, that would minimize liquidity were there to be an emergency where that cash was needed in a more immediate sense.

@Evan Polaski exactly my thoughts, opportunity cost is the biggest and will be my argument for a more favorable split.

If you're looking to buy close to campus you're not going to have to do any work to the properties for them to be rental ready and you'll be able to charge on a more "by room" lease. 

I will inbox you so we can coordinate a one 2 one so that I can provide a more complete guidance.

My lease (PA) says the tenant will agree to accept the property if heat, water, and toilet are functional (in a more legal way than this sentence!).

That way you can get the support you need in a more personalized manner. 

At that point, we'll be in a more traditional, hopefully not-too-terrible recession.However, the residential real estate market is unlikely to tank as it did in 2008 because homeowners have much more equity in their homes now.