One of the big benefits of buying the whole thing on a fixed rate loan is that one of your major expenses is fixed for a long period of time, including the cost of the land. 

Have a few arms due in about 5 years..those I will finance to fixed rate as rates lower. 

I threatened GEG that we would go very public with this if they didn't fix the situation, and they said, "Go for it.

The sellers says it's just college boys and that's to be expected.He's currently getting good rents...as unbelievable as it may seem and if cleaned/fixed up it could make more as well as increase the value of the property.We own several coworking/coliving properties in the US and Mexico, so we are used to hospitality and properties out of state.However, my questions are;Is this a norm for college students, or student housing? 

It's a turnkey property I found on RentToRetirement, so It's pretty much already fixed up.

I'm fine with doing some minor fixes and improvements to a property: Adding overhead lighting/fans, better flooring, maybe redoing a main bathroom.

Building departments are obligated to provide these services online.You can also see code compliance issues using the same search facility.Hope this helps,SteveSo, what I find they're doing in the Cape, is they will pick on something very minor within the permit package, to send it back to you/say its not a complete package, and the clock restarts while you have to go fix it. 

Also, have you considered a specific investment strategy (e.g. rentals, fix & flips)?

Once a tenant is in and they sign a year lease, there’s not too much to worry about aside from the occasional fix here and there.

In my market there are 2 reasons that keeping is smart.  1) the historical long term appreciation is on going, going back to when records started tracking the appreciation 2) the property tax is near fixed cost.