It gives you one property that can potentially pay for itself while putting a roof over your head and giving you experience as a hands-on landlord.

Nothing that can really do or happen but were you aware the borrower was in default at the time? 

It also depends if your tenants have good credit they care about.

I've been using Dealcheck.io to do deal analysis but have been hearing a lot about Backflip recently.

You are missing my point on taxes.Scenario 1:  Your partner buys the house at the same time you put your cash in.  

Is it recommended to do a virtual or in person cost seg and why? 

Some thoughts that go through my head......Who do you contact to get current values, after renovation values to see if this process is even worth it? 

Are you just getting a leasing agent to throw a lock box on it, and having your contractor go in do some work, and then leasing agent showing the home? 

I hope the property taxes go away but I don't think it is likely  talk of eliminating property tax in FLA  is that what your saying ?? 

@Scott LorenceThe advantages to renting to college students are that they generally leave after a few years so you can do repairs or updates, you can raise rents on a regular schedule, they will pay a premium to be near campus, and if you get engineering students they tend to fix the small stuff on their own.