Smartland has recently expanded into the world of Student Housing and I am looking for some opinions on this kind of investment.Background:We have secured a building on a small college campus in Cleveland that currently does not offer student housing to its students on campus.

If you’re considering expanding your portfolio, those markets could be worth exploring. 

Unfortunately, Texas has a law prohibiting HELOCs on rental properties and I believe they also have a 70-75% max total loans allowed on the property which cuts into the equity I've built and would only allow for me to access 30K which would make it less appealing to go through the process for only 30K.

We only do Drive up Access, non climate controlled.I ask customers how they found us.

You may have to sell the whole property to access the funds in the IRA or 401k when you retire and for required minimum distributions. 

Here's a bit of background:I have over ten years of experience in real estate.I've bought and sold hundreds of properties in the past two years.I have six performing rental properties and aim to expand this to 50 by the end of the year.

You can also click a button to Expand/Collapse filters.

This could allow you to build equity steadily, reduce the immediate demands on your time, and potentially refinance in a few years to access funds for future investments.Alternative Approach: Small Multi-Family Property: If you're open to it, a small multi-family property (like a duplex or triplex) can combine elements of both strategies.

Big companies expanding in the area means employment and a strong tenant pool and high occupancy rates.

At some point, OP found outside investors/partners/HML and expanded his portfolio with said partners.