But that market has gotten so much hype and publicity as a great BRRRR city that it's dry right now and I am actively setting up market number 2 but I get to take with me the lessons I learned building market 1.It's trial and error, it's trust but verify, it's motivating the game pieces in the market: the agents, the GCs, the wholesalers. 

. - I totally agree with you on the location piece and that makes this tough.This isn't just about cash flow but a seemingly unique and great oppty for taking $500k of tax free Sec121 dollars off the table.Curious if you see the the alternative strategy to be : - to hold the SFH long enough for appreciation + CF to cover the $500k + taxes on those capital gains if selling?

I have a management company for my other pieces of real estate though and thought I could use it for the same purpose with the hotel and that would provide a much more durable case.

What are the essential pieces of furniture and amenities I should include to make the unit attractive and functional for college students?

And the hardwood options are basically plywood cabinets, not like a solid piece of wood cut from a tree.

Please see this response in the best of light.While, I will take the feedback in your message that I think is helpful, I find it difficult to take the whole thing seriously (but noting that there are some good pieces of feedback in your reply for sure). 

What you really want is an Asset Management Limited Partnership acting as a (COP) which owns the LLC in any State, which in turn owns a piece of property.

We've made plenty of mistakes along the way given the nature of development and mixing that with hundreds of hands that become a part of the process with construction but reality is....at some point every piece of real estate was a construction project at one point.  

As a new investor, I have reached out to several other investors looking for guidance, one of the best pieces of advice that I received was from another BP user.

I’m buying a piece of land that has had a house on it before (it burned down) and currently has an old mobile home, on the other side of the property, that I’ll have to removeFor those who’ve purchased land, what would you do before close?