I currently invest and own a rental portfolio and also assist investors building their portfolios in Memphis TN, so let me know if I can help you here!

For example, what is the current zoning - does it meet your needs?

I currently know enough to know how little I know!

Currently live in California. 

I'm curious of the current market demand for student housing and appeal to rental investors.

So we never bought anything that was more than 75% of ARV current condition.

The current locations are Frisco, Garland, Richardson, McKinney, and Plano.

If you do budget that much, the you will easily hit your profit target.There are currently no restrictions in Lewis county and STRs work there, but there is always discussion on them by the city.

The 1 mile income radius could be misleading in either way to the positive or negative if the property is on the right or wrong "side of the tracks" so to speak.The 80% occupancy, if it's solely due to the mismanagement of the current owner could be an opportunity. 

Currently the other unit is empty and wasn't sure how to handle the taxes regarding this, so I am looking for refences of an accountant in the Phoenix Metro who does house hack taxes.If you have any other pieces of advice or wisdom for landlord and tenant rights it would be greatly appreciated.