Purchase price: $7,800,000 124 unit Garden Style apartment community located near Oklahoma State University in Stillwater, OK.

Hey @Mike Nelson, never assume anything about STR rules and regs.Here is the STR rules for Oak Park - https://codelibrary.amlegal.com/codes/oakparkil/latest/oakpa...I would call the city and make sure it is legal for a specific property.Now regarding the famous person angle, sure it can add value to the property or as a STR, but for STR use, I would think you would need it to be in original condition with a lot of the furniture and knick-knacks that were owned by the famous person along with a bunch of photos etc featuring the famous person.If you buy a place that has been totally redone but was owned by someone famous but has no features or things that were theirs, then I don't see it being a draw. 

Use of Euro-style wall units for air-con.. 

In Columbus, you can still find the 1% rule and there's amazing appreciation potential due to how much population growth, job growth, and companies moving/developing there (recently Anduril just announced another 4,000 jobs coming to Columbus Ohio on top of Intel, Google, Amazon, FB, Nationwide, Ohio State University, etc.).

My last note would be to try to buy 3 or less replacement properties, it makes the exchange much easier and you avoid some additional rules.

I have also seen appraisers recognize that multiple ADUs by rule does not qualify for conventional F/f financing.  

I think it really depends the style and setup.

In Dallas, you’ve got a range of local outfits who focus on new construction..firms that, from what I’ve heard, know how to blend contemporary style with the Texan vibe buyers love.

If the tenant is from another state, a background check cost of up to $25 may also apply (sec. 704.085).It is unclear to me if I am actually in breach of this rule by charging the tenant more than the $25 limit, even though it is through a third party.

Owner occuppied loans regualted in every state .. must have state license and NMLS registration.NON owner occ loans on 1 to 4 units are regulated same way in about 15 statesin the other states they are unregulated.Keep in mind though investor loans do not follow the same rules as owner occ and rates can change charges can change closing dates can be blown through etc