Because you are forcing equity into the house you are sometimes able to pull back out the entire purchase and rehab process to return to your investor then you own the home with just the mortgage.

My wife and I moved down to Central Florida from Hamburg just over 5 years ago and are running our own brokerage and property management company. 

If you own 25% or more of any LLC you are required to register with a FINCEN ID for beneficial ownership by January 1st or you could be subject to $500 per day fines.Have you taken care of business?

I own a Masonry and Lawncare Company

The sellers says it's just college boys and that's to be expected.He's currently getting good rents...as unbelievable as it may seem and if cleaned/fixed up it could make more as well as increase the value of the property.We own several coworking/coliving properties in the US and Mexico, so we are used to hospitality and properties out of state.However, my questions are;Is this a norm for college students, or student housing? 

That way you control it, they may get some $ from the sale to pay you rent and you own and control the property Thank you for your insight, Chris.

For example, if a person owned an apartment with 10+ units, would it be better to outsource everything to a property management company?

Strong regional/PE owned tenants.

@Robert QuirozIf the owner already owns the property without a loan they can cashflow the property even if rents are below market.

Does anybody by chance own rentals in Cahokia, IL?