@Zach Howard you pretty much MUST hold it in an LLC if you don't have the proper visa or greencard.1) Many attorneys over-hype the benefits of an LLC for each property.

These investments may be better than a mutual fund, but REITs miss most of the biggest benefits of owning real estate.

My main goal is to find something relatively close to the DMV area but without the DMV price tag.

How much weight do you give to the cash flow benefit of cheap debt when the property is priced above market?

Even 3x higher is worth the benefit.  

I Julia, I work the south side mainly.  

It would be mainly rented to alumni, parents of students and people exploring the area by the University of Florida.  

From what you’ve described, it sounds like you’re more focused on long-term appreciation and future benefits rather than immediate cash flow.

I have personally stayed in one of these places where the main house is separated, and only the basement space which has a walkout entrance, its own kitchen, and two bathrooms would be rented out an Airbnb.

By exploring the benefits of co-living, I don't mean that I don't have experience with it.