That's a more difficult sell.You're likely going to have to rent it out as individual rooms, perhaps to local college students. 

A set price per unit doesn't make sense to me because the finishes in a C class unit in a modest market versus a B class unit in a more upscale market could be MILES apart and cost VERY different amounts to repair/replace. 3.

REPS was actually an incentive purposely put in the law to encourage real estate economic activity.Regarding your question, it is my understanding you would not qualify for REPS, but if you have a more aggressive CPA, they might be willing to make the case.

Knowing more specifics about your scenario and goal, will help provide a more customize approach for you. 

A trust is a more expensive route to go administratively (mostly amount of headache), but there's a good chance you don't really need an LLC anyway as you may not get the limited liability aspect depending on how you operate the properties.

Are you interested in creating your own fund to actively purchase and improve properties in Opportunity Zones near you, or are you looking for a more passive OZ investment? 

Conversely, some nurses might want to "get away" from where they're working and drive up to 30 minutes away in order to enjoy a more rural, quieter rental.Safety, furnished, and ease of getting to/from work, closeness of restaurants, and "not like a hotel" types of properties are what I would look for in a rental.Would love to hear more about your real estate journey as it progresses!

Using seller-reported figures can be risky, so banks prefer using these standardized metrics to get a more accurate estimate of operating expenses.

For those that say the insurance company's job is not to pay out --- then perhaps you should go with a more reputable insurance company...Hope this bit helps. 

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.