I run into them as they were looking for some sort of funding and I had my HML company in Portland going at the time..

I don't remember the precise words, but essentially he claimed that there was some sort of standard rental agreement applicable to the area and he could not (perhaps in reality would not) add anything to it at all, which struck me as oddly questionable.

Is there any sort of requirements for the student to be accepted into the program or does the 8K make you automatically accepted? 

I would love to talk to someone who has rented to college students before and sort of pick their brain.  

I was thinking that if Memphis (and the sort) have cash flow but no appreciation...

Botanica Southpark apparently failed (sort of) as per other users. 

You should be able to pay off the loan anytime during that period, without any sort of penalty.

I was a guest at STRs for years, a quiet, early departing after tidying up guest and never got any sort of follow up after the check out thank you, no incentive to return.  

If you're tax bill is $6-8k (minus the 1031 fees), surely you can make that up by taking multiple swings over a longer period of time.OR pursue some sort of owner occupied strategy with that cash if you can swing a live in flip or house hack.

My “reasoning” is based on two points1- the current system of property records filing in a million different jurisdictions with expensive title searches necessary for almost every title transfer and mistakes still being made can be made much less expensive, much faster, and much more reliable through migration to some sort of “blockchain” National registry.2- Numerous investments have been divided into, and offered as tranches of the whole.