Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

But those figures do include the onsite-manager, who basically just pays a discounted rent in exchange for doing the onsite-manager duties.

We're still a ways off doing any transactions, and when we do I can probably figure out the basic financials on my own.

If you do the math it makes much more sense than paying dorm fees And your kid gets a good education on property ownership and management in the process. 

@Mary Umoh, have you looked at the basic financials of this conversion?  

And for sure in the BTR products that are basically built fast and to much lower standards than our builds I can see issues with that product. 

My A class that I own I self manage I have a RE agent that puts them up they find a tenant I require 700 plus fico so that weeds out 90% of renters and then I set them up on auto pay and if they have an issue we send handyman.. to be fair my units are basically new construction and townhouses in HOA's in the Desert ( vegas) so there simply is not a lot of maintenance. there is A class in every city its just that investors get so focused on  positive cash flow they dont buy those for rental purposes so they miss out on the best rental tenants.. the higher the cash flow on paper the lower the quality of the units.. its a fact..

Basically, if you're an LP, you are the BANKER. 

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

Wholesaling is basically all a loophole in reality.