To maximize returns, ensure compliance with local regulations, prioritize owning the land, and offer student-friendly amenities.

@Nicholas McCormick, thanks for the offer!

You may also need to provide additional documentation, such as proof of income and employment, and may need to have a co-signer who is a U.S. citizen or permanent resident.In terms of buying with an LLC, it can be a good option for some foreign buyers, as it can provide additional liability protection and potentially offer tax benefits.

A PM offers so many additional services in addition to things you cannot do yourself - like simply having a 3rd party between you and the tenant.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

It'll be easier to start with a turn-key property, but if you have a good contracting team, a value add will typically offer better returns. 

For pricing- take a look at listing nearby your home on furnished finder and FB marketplace to determine what market rents are and the features and amenities being offered. 

This helps you determine what offer makes sense to you.

I wouldn't offer this to start with but these tenants may have difficulty getting out even if they want to be 100% cooperative.