And if it's marketed to the open market someone with a LTR will find those furnishings useless so mark it to 0.$260/sq ft vs $296 is a gap, question is how much liquidity is in that market and is it momentum driven? 

How did you find this deal and how did you negotiate it?

I self perform most of my construction at this point and find it very difficult to make ground up construction pencil in Philadelphia unless I am selling for $400/ft.

***BUT keep it ***B - Buy it F - Fix itLive - Primary Residence itLeave - Keep it, rent it out, and find a new primary residence What made you interested in investing in this type of deal?

I try not to let the interest rate tail wag the dog and also find it is way easier to have my investment properties within 90 minutes of my home.

I suspect there's lots of inventory, particularly for new folks coming into the area that find the real estate prices are much better than where they came from.Do you have a type of house you like to target?

Keep trying until you find an 'equation' that works for you.

I won't fault those syndicators that have stopped distribution or even doing capital calls if they do spend time manage the property and try to find solutions to the problems.I suggest BP have a hall of fame and hall of shame for these syndicators. 

Once you find someone willing to let you shadow them, approach it with professionalism and a willingness to learn.

The appeal of student housing to rental investors lies in its ability to provide a steady income stream, especially in areas with high enrollment growth and limited new construction.Given your experience and the quality of your properties, you should find a receptive market among rental investors.