As mentioned lots of additional boot money or if someone comes to me with a 1031 exchange and 250k they will be looking at a crap rural property or junk tenant with bad financing if they do not want to add any additional funds to the exchange. 

Additionally, it’s challenging to assess the demand for student housing in the area.

Don't forget to factor in an additional parking space for Brampton, and furnace dampers (most municipalities won't require either of these so it's I'd say mostly a Brampton specific thing).I think one reason rents are/were so high is the amount of students.

Additionally, ensuring the renovations met both current rental standards and future plans required careful planning and oversight.

The back 8 acres I was leaning towards townhomes, but I don’t think the city wants to see any additional townhomes.

Also make sure they have proper license and insurance and name you as additional insured for liability.

These are professionals with additional training and a stricter code of ethics.

Additionally, if the property needs renovation, you may have a tough time finding a HML willing to lend on it in 2nd position if it is in a distressed state. 

Basic pricing seems reasonable at around $30/property/month, but that’s clearly their basic pricing with a bit of nickel and diming as you add in additional capabilities: 1.

Additionally, unrelated business income tax (UBIT) might apply if your property is financed.One option to consider is partnering funds from multiple accounts or other individuals to share in the investment, which may avoid the need for difficult-to-secure non-recourse financing.