Condos are starting to get condemned, which means people are having to vacate units.I'm telling you right now, I'm a JD (not a practicing attorney) in Florida whose business is being an insurance expert for carriers, working with engineers. 

But it can be done and done successfullyAs I see it there are 4 major reasons why you'd want to rent to students:1) CASH FLOW: They pay a whole lot more than non-students.

If they see that youre generating cash for operations via a non-RE business activity, it could be an issue.

Should the debtor be unwilling or unable to pay within the described time allotted, the note holder can foreclosure.Depending on state law foreclosure can be judicial or non judicial.  

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

I'm not an expert yet, but I initially thought that I probabbly should have included in the lease that the tenant would be responsible for maintenance for those appliances.

Although they can't leverage the losses to offset non-passive income, like someone with REPs, there's still the opportunity to use the Suspended Passive Activity Losses to offset cap gains on sale or offset other passive income.

Is it in a Revocable trust or non-revocable? 

I have a lawyer and accountant in mind but need help finding a good SBA loan broker expert.

It works like this:(1) Save up enough money for a down payment(2) Buy a single family home that you will Airbnb/VRBO(3) Ensure the “average period of customer use” is <=7 days(4) Materially participate (5) Cost segregate the property, resulting in large depreciation deductions(6) Use the losses from step 5 to offset your W2 incomeWhat makes this possible is that operating an STR is considered “non-passive.”