Study the market.

But that type of coaching and hand holding may take a ton of time and the number of students would be limited to the amount of time that the coach was able to provide to them.  

This is a case study of what to avoid if you decide to go down this road.Bringing this back to my initial comments, has this particular seller articulated his/her motivation?

They can increase occupancy a certain amount but that has limits.  

It will be not only complex (but doable) to secure financing for it, but the real issue is that if you ever want to sell it, it will be super difficult for prospective buyers to secure financing unless they are seasoned investors which limits your potential buyer pool and potentially your offloading price.

Homeowners age 65 and older or the disabled who meet certain income limit requirements can receive breaks on their property taxes in North Carolina.Transfer taxes on the purchase or sale of homes in North and South Carolina are also different.

Don't worry about losing.That is likely not the only reason you are losing.We use this language for our clients, "Buyers agree to limit inspection repair requests to major structural, mechanical, plumbing, environmental, and safety issues."

I would also charge a lot more than I would for a residential rental.Honestly, I wouldn't recommend it unless you've really studied it and understand how to protect yourself and earn fair compensation.

**Evaluate the Condition of the House** - With limited cash, repairs might feel overwhelming, but some issues can directly impact the home’s value or ability to refinance.

You might be able to find some deals in small towns that no one has heard of to get your start, but at best you are limited to one deal at a time.