If you can I would have some kind of vinyl plank waterproof flooring put in.

Does anyone have any insights into how renters are engaging with rental properties in college towns?

Assuming you engaged your title company to make sure the funds were put in a 1031 intermediary, then I would look to 1031 into a multi-family that generates more cash flow than the one you sold.

Who's actively engaged in daily rental arbitrage in the Phoenix metro, primarily in the Scottsdale/Mesa/East Valley markets?

Again I agree with you that there is no correlation, but I also feel that some landlords exacerbate the problems by their lack of action and engagement.

UMB BioParkUMB Community Engagement CenterCharles Village/Charles SouthNeighborhood OverviewGreysteel ReportBolton Hill/Reservoir HillInnovation DistrictHampdenHarlem Park/Sandtown-WinchesterAverage renovated value, After Renovation Value, or "ARV" = ~$200kAverage renovation costs of around $50kHard money lender will lend at ~70% of ARV, or $140kPurchase price of up to $125k, total costs $175k ($125 PP + $50 reno)Equity required per investment: $175-$140k= $35kRefi proceeds = $200k refi at 80% = $160kNet refi proceeds = $160k-$140k hard money loan repay = $20kEquity after refi = $15kPotential income from property:Gross Rent: $3,000/mo, $36k/yearExpenses, $1,000/mo, $12k/yearNet Operating Income (NOI) $28k/yearLoan Exp** $850/mo, $11,000Net Cash Flow: $17,000Return on Equity 113%, 1.13x multiple**Assumes the loan at 80% LTV per above, $160k, on a 30 year amortization with a 10 year term.

Beyond that, it is a parallel effort of making sure you can take down the deal: read capital... read: access to equity and debt, and execute on the deal: interview and engage property management.  

I do vinyl plank all the time in my rentals here in Chicago, and although it is an amazing floor surface, it cannot stand up on its own if the subfloor is not good. 

Engage with their posts 5.

For my rentals, my two 17 year old have laid over 10,000 square feet of vinyl plank flooring.