I love the perks and if it's anything higher than 4=5% returns, this sounds perfect including the 28 free stays.Originally posted by @Cody L.

I'm guessing the 45 days comes into play when you are advertising the foreclosure about to take place for the deed you are holding and want to take title to. 

I've done furnished student rentals 4-5 years ago and will never do it again.

We typically give tenants 45 - 60 days notice2.

You said you live in Austin, no better way to learn than directly so, there is a syndication group Viking Capital LLC, that is buying/raising for a 252 unit property in NewBraunfels, about 45 min south of Austin, watch their webinar at their website below and they have an 82 pg slide show as well, then take a 3 hour trip to go see it, walk the property, go into office ask about the units available/leasing how the market is from the office staff, look around for quality of property/deferred maintenace needed then drive the area for other competitor properties.

I'm assuming utilities are in your name as well since splitting up that would be strange.4-5 beds are optimal. 

A 1031 exchange (45 days to find another property, 180 days to close) might something to think about.If I was in your shoes:1.

. - Land prices for a "clean" lot (no protected species, no flood zone, away from busy highway, etc.) are now a minimum of $40k and more like $45-$50k for a freshwater canal lot.

I don't think the lock premium will be worth it until you get within 45 days or so.

We’re talking about someone who makes their money INVESTING in real estate and real estate related assets.So, after 45 years in the real estate “game”, here is what I believe is necessary1.