Build a strong team, prioritize cash flow, and take the time to understand the local market and regulations, especially for development projects.

I've consulted a few times over the years with planners and with the way I buy properties, my liquidity requirements, and my concerns about about how government overspending affects the future, makes me a poor candidate for IRAs and 401(k)s with the stifling regulations.   

BUT know your jurisdiction's regulation on screening.

To maximize returns, ensure compliance with local regulations, prioritize owning the land, and offer student-friendly amenities.

Then a hiring increase for local regulation officials or private sector to assess housing quality & approve it.

However, the market is competitive, and rental regulations are becoming stricter.

@Eric Andersen definitely put weight into what @Michael Baum wrote and do your own research on the city regulation/zoning.

Check your local ordinances for regulations in your area.

This is a highly regulated activity by the CFPB.

Neither do the Regulations 1.761, from what I can tell.Further, in the 2018 Argosy case where the taxpayer was a H/W LLC, the Tax Court said: "...Petitioner contends that a Mr. and Mrs.