USC's student population is almost 50% out of state, and I knew a lot of out-of-state friends that would pay top dollar to live in the best areas.There's also a rather robust off-campus luxury apartment market.

It was a lot of work and we would like to strategize our tax liability.

Of course I don't agree with everything in the book, but what Stanley's trying to show and say is, overall, the best strategic resource on how to live in order to help yourself get from zero to a million on your personal balance sheet that's ever been written in America.Stanley's gone, sadly, killed by a drunk driver in 2015.

YUP tough one.. market has cooled .. for used homes new construction remains robust.. especially if its same school district.IN CA we would accept the negative and rent it out and probably anywhere west coast..

That class C building with the same tenant demographics in Dallas or Houston might be cheaper, but in ABQ it's pricing seems more robust due to less competition. 

The currently robust jobs figures help explain the dominance of the “Expansion” phase in the market cycle.

This will determine what kind of strategy you will follow, core, core plus, value add or opportunistic.If you were looking at $100k-$250k of capital I'd say you could be more liberal in your approach but since you are talking about 7 figures I would be alot more strategic about where you park your capital.

From my research, a lot of investors spend renovation money in such a strategic way that all their money of reno's is back with them in 24 months (Example below).

Through strategic marketing How did you finance this deal?

- fast account creation for LLC/EIN accounts- creative financing options - robust online banking tools- friendly- cheap wire transfersSame question, but for umbrella REI/renter’s insurance providers.