Exit StrategyResale Planning: Research market trends for optimal selling timing.Long-Term Investment: Consider retaining the property as a rental post-graduation.Marketability: Choose a property with appeal to future students or young professionals.By following these steps, you can make a well-informed decision and ensure a successful investment that benefits both you and your student during their college years and beyond.Peter Derry PHD Properties 

Retain proof of that notice and make sure you include the new tenants right forms required by the city now.

When it comes to these types of auctions by the sheriff, is there a waiting period that must be observed before rehabbing/renting the building post winning the bid?

So, we require a nonrefundable Retainer Fee for 90 days of our time to find a rental property.

FHA does not allow you to do things outside of the home like adding a fence, hard scaping, retaining walls...   

My advice would be to specifically retain a potential eviction attorney from the start, in order to be prepared for how this *may* go. 

Locally my observation is that the need is more for low income young and working vs college student.

Similarly, quality dividend-paying companies often retain some earnings to reinvest in their business, increasing the company's (and your) value over time.

If you do not regularly file for evictions, you'd best retain an attorney. 

If the RV is not permanently affixed and retains mobility, it is considered personal property and depreciated over 5 years under the Modified Accelerated Cost Recovery System (MACRS).