We have been incorporating Passivhaus/EnerPHit ideas and practices into our retrofits as our knowledge increases; materials and equipment becomes available (cost effectively) here in North America; and the mindset, knowledge and skills of our trades improve with respect to energy efficiency.If the cost is equal or less than renovating a house to current code standards, then it would follow that renting that house would provide a better return on investment.

While that is true about many new student apartments going up in Tally, the market isn't flooded with rental supply - I respectfully disagree and I think that's a simple way of looking at it.

FHA loan limits on 3- and 4-family properties are about $967k and $1.2MM, respectively, in this area.

It might be the best thing after all. haven't vetted the entire process yet but I am looking for help in that respect. 

Good investors will respect you for what you are doing and be more interested in working with you down the road.  

A 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate).

Hi there, I'm unsure of the tax rules in USA but I'm familiar with them in Canada and I'm assuming they are similar with respect to depreciation (CCA in Canada).

@Marvin Spears  Marvin with all do respect you make ZERO sense.. loans have a UPB.. and accrued interest and cost.. end of discussion what was paid or will  be paid is irrelavnat.. you sir are the one who has no clue as to what your talking about or doing.

I respectfully disagree with some of your assumptions.

However, @Dave Foster and @Bill Exeter are both well respected and very competent Qualified Intermediaries just like I consider myself to be.