Real estate taxes are normally the largest expense we underwrite for, and they should always be examined as they are not static (they go up!).

There's a remarkable distinction between buying a property and purchasing someone's LLC.

Went from the 7th largest city in the U.S. to Marsing, Idaho.  

I was fortunate enough to be introduced to one of the largest foreclosure brokers in Illinois and have acquired several properties through this firm too.  

There are more SFH than  duplexes, so I would expect that SFH would be the largest part of your portfolio.

I originally thought you might covert it into a true duplex with two distinct units, was that not feasible for the house?

That would differ a bit from the wholesaling strategy I think you were mentioning, given that I don't have the funds to put properties under contract right now, but I'd be interested in hearing your thoughts on the distinctions between those two strategies.

So to any investors in college/university neighborhoods, what have been your largest/most consistent challenges?

Can also analyze their largest sales/client contracts if they rely on fixed revenue.

I'm guessing that's still less than the maintenance costs of filing and maintaining 2 distinct LLCs, (75$ each) though we'll also pay someone to file those 1065s forms (at least in year 1 and 2 to be sure we're doing it right) which we wouldn't have to do if we had two LLCs.