No loan officer is influencing me on how to commit loan fraud I did say that they did in fact inform me that I'd need to hold employment in the state.

We invest for long term buy and hold in good areas B+Due to extreme highly demanding W2 jobs we are looking for credible FULLY vertically integrated turnkey companies to partner with.

But, since I've been in a holding pattern waiting on the Florida builds, I haven't seen a clear path forward to purchase another house while waiting for the builds to finish.That really doesn't answer the question of why you decided that your "plan" was to buy one property per year. 

People are holding on to their properties to see which way the wind blows, so finding a decent student property right now is tough.

Investment Info:Single-family residence buy & hold investment.

If you can get hold of a reliable and honest builder, you will be fine (that does not mean you will not go over budget).Low CapEx, Little Hassle, Quality Tenant, You can manage new construction out of state for the first 5-years, Tenant May Stay longer (because is a brand new house) are few benefits of new construction.You may not be able to get close to the 1% rule though.Goodluck

Investment Info:Single-family residence buy & hold investment.

If you had managed to purchase in those areas back then, your cash-on-cash return might look quite different today, especially with rental demand still holding strong.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

But I will say that 1031 will not apply, that needs to be a longer-term hold/investment. 1031 applies to rentals, STRs, MTRs that are held for much longer.