I'm sure how far Lake Monroe if from the University but I would also look into the amount of STRs in that as well.  

For your situation, it sounds like a seller financing purchase could be a good fit as well but this would also have limited options and the terms wouldnt likely be great.

Lease options can work as well.  

I also have a client in Turlock who could rec a good CPA up there as well.  

It can work really well or really bad. 

I appreciate the reminder as well that if the gain is fairly low then it may make more sense to just pay the capital gains taxes now versus 1031 exchange. 

Saul, Phoenix and Vegas are popular markets, but I’m not sure they’ll actually cash flow well with today’s prices and interest rates.

I love their youtube channel as well that produces 2 or 3 videos a week. 

You need to do the research too if your area would be bringing in more money as an STR, some areas would do better as a long term rental as well. 

Investment Info:Office Space commercial investment investment. 100's of completed projects, JC Beal Construction is nearly 100 years in business, Beal Properties manages well over 2000 doors all throughout Michigan and the Toledo, OH area.