Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Check out the state of Illinois website. 

We consider background checks and credit checks only good for 60 days. 

Their goal is to eliminated group homes, half way houses etc, even STR, so check out the local zoning as well. 

A good PM can refer you to top sales agents in the market, they can tell you what type of rentals are in demand, they can tell you which areas are best for investments, and they can cross-check what the sales agent tells you about specific properties.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

Quote from @Jayme Currie: Hi Matt,Would definitely be interested in checking out the property!

If the educator/teacher/mentor does not have any checks to who signs up, then it's more than likely just a cash grab where they're looking for students to pay. 

Check it out here: https://get.biggerpockets.com/momentum2025/

Check with an SEC attorney to learn where this line is drawn.

Just be sure to check local regulations because some spots are cracking down on STRs.