Student housing can be a bit trickier as far as leases go, but typically, you would rent by the room and want the parents on the lease.

As far as I can tell, that floor looked at least five days wet when I saw it They were working with the home warranty company to get it fixed. 

Yeah at the time I was a foreman on a construction crew for a local contractor/my beat friend and mentor, so I had a truck full of all the tools, access to leftover materiels needed as well as a significant amount of experience so yes I personally added a second bathroom and as far as the 5th bedroom goes, it was just a matter of putting a door on the "living room".

As far as finding the right markets, the BP podcast called "On The Market" shares reports of best markets as do other platforms but BP is my fav for sure.

As far as the rehab costs and timelines, we would need more information.

Plus, as far as I have found it's the only PMS that will work for MTRs in addition to STRs with automated lease e-sign option as part of the booking / automation process.

Also, what are you main reasons for looking to STF in Rockford, not knocking the area by any means but there is so much opportunity within the city limits where you're less likely to have extended vacancies.Short term rentals have taken a beating this year, while long term rentals have seen an uptick in what they can charge due to high home prices, and inflated interest rates.

Well done on making the progress to get to where you are now and for looking for more growth.You're definitely in the right place as there is so much knowledge in these forums and elsewhere.Best of luck to you. 

And my PMS provides damage insurance, but you could with something like Waivo. as far as taxes, the PMS applies the correct taxes and I submit them every month, so that isnt an issue.as for resources, just search this group, the topic comes up quite often.

Buying a quality property (location and condition) is by far a safer choice.