I'm relatively new to the real estate game with three properties with roughly one year of equity. 

Quote from @Shannon Bloomfield: Hi,My name is Shannon, and I have been listening to BP for a few weeks now and reading Rental Property Investing, where they talk a lot about BP and the benefits behind being a member.

Quote from @Sam Lewis: I understand the benefits behind hard money lending, its guarenteed return from your cash... however, what cases would a hard money lender trust someone they don't know/barely know?

We have minimal resources as far as money goes, but we have a relatively long list of upgrades (window treatments, hardware, light fixtures, paint, etc).

We use that same software for all accounting related to managing our syndication.  

It is important to factor in all the benefits of house hacking into your calculations, i.e. amortization, appreciation, income, & potential rent avoidance.

If the students do not have the income or credit to warrant the rent amount, I would require that they get a cosigner (like a parent or another relative that can vouch for them).

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I don’t think arbitrage is worth it - it’s kind of like the baby step into STRs that hook people into taking all the risk and doing all the work and missing out on 2 of the 3 reasons to invest in real estate: tax benefits and appreciation.much much better to buy and own your own STRs.  

@Melissa Thompson what is your business relation with them?