One question is liability and insurance, also what if the 'adults' (ie couple on the lease) leave and all that remain are the students? 

Additionally, the owner is considering design plans to convert part of the upstairs into three apartments, adding further value and flexibility.I’d love to hear your thoughts.

I actually ended up working with a DFY arbitrage program that finds the right property, negotiates the least terms with the landlord, and even has an interior design department to set up your listing.

Easy to install but requires you to have prior design software knowledge. 

Usesphere.com      It is designed by real estate agents and has so much to offer....and is super reasonable in price.   30 day free trial with NO Credit card for the trial     I love it!! 

We've custom designed reports for clients before, so maybe your PMCs can do the same?

., if you want to " test drive" prospective custodians/ advisors before you buy, design questions based on your concerns and then call each one with questions based on those concerns.Ask each one a tax question about a prohibited transaction.

Purchase price: $1,150,000 Cash invested: $300,000 Sale price: $1,628,000 Built in 1890, this Old Victorian was converted into a duplex in the 70's by a talented architect who made some unique and extraordinary custom design choices (read vaulted skylights) that made this property truly one of a kind.

For a majority of folks it would be designed to help, they've already filed their returns.

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