It will familiarize you with the basic terminology and benefits.

Usually companies are charging 10% on top of maintenance repairs, in addition to one months rent as a placement fee for leasing unit.

In addition, there will be a ton of high school seniors coming to campus Jan-March to tour campus etc to decide if they would like to attend etc. 

The long term growth potential is driven by recent additions to the tech sector (google, intel, amazon, honda, and many start ups).

I could see how purchasing before the rehab I could have added additional equity but then I would have had to manage the purchase and rehab from out of state.

Quote from @Ian Ippolito: Quote from @Michael Plaks: Quote from @Ian Ippolito: Quote from @Rud Sev: 3) Unless you're doing a 1031 exchange  at the end or similar tax structure to defer taxes, you will have to *pay back* all that depreciation benefit at the end (on sale...which for you is in 5 years)  via depreciation recapture.

If you’re really going to just live in it long-term, I’m not really sure about the benefit up front.

After we gave him additional time to come up with the money (a mistake I know), he said he COULD pay, but that it would only be in cash (not in the lease) and we would have to come pick it up.  

Your not getting any STR properties via arbitrage your just managing someone else's property and the owner is getting most of the benefit. 

Additionally, I wholesale deals and we buy & hold in SE Wisconsin.