What made you interested in investing in this type of deal?

They can go practically anywhere.Emotional Support Animals can be any type of animal - dog, cat, horse, peacock, komodo dragon...

You will truly only get out what you put into finding these types of deals.  

You may also want to consider the type of tenant you are targeting. 

What is the upside of retaining this type of asset long term in isolation (likely won't be building a portfolio or 1031-ing anytime soon, but maybe in a decade)?

Baselane can help you get your finances more organized and is great for all rental types, including by the room.

Now you repeat that process until it's paid off.Disadvantages:It took a while for me to set up.Bank account is always low, lol.People can spend a lot with that amount of credit.People think I'm weird when I tell them DId you analyze what would happen if you moved all of that money you were using to pay off a heloc, not get a heloc and put that money in a treasury or other type of account that got you 6% interest or invest in an ETF or something lower risk?

Overall, for every type of property....I would say that keeping up with proper maintenance is what most people neglect.

The type of rooms students would need or skilled temporary workers, not drug addicts and alcoholics. 

Depending on the value at the time of death and your basis you may need to file a gift tax return.I would speak with a CA attorney to determine the best type of deed to file and a tax professional to gather more information.