Really appreciate all of the insight and information.It's obvious from your post that student housing is an extremely high-touch business, but one that you have mastered - timing in marketing, expectation setting with kids, quarterly check-ins, the list goes on.So my question is, as an out of state investor considering investing in the same type of space, how would you characterize other property management companies ability to successfully run a business like this? 

If I had held I would have eventually made around a quarter million instead of losing 100k+.

You can usually find some events by doing a simple google search.Feel free to stop by our quarterly event as well! 

It is a pass through entity meaning the partnership does not pay tax at the federal level.

I just feel much more comfortable with it being proximal enough to make a quick trip, say once a quarter as needed.Caution with the statement: "acquiring a park is hard, management is easy." 

How about reducing or eliminating quarterly payments?

Always bring something to the table otherwise your chances of success are very low.Just my cent and a quarter worth.

While some may prefer a single treatment, opting for an annual plan with quarterly visits often pays off, especially if termites are common in your area.

You can rent it now and then move in six months later, or you can come back in six months to see if it's still available.Here is another example regarding pets.THEM: I have four quarter horses, two miniature ponies, six dogs, two cats, and a raccoon that never leaves it's cage.

What you "have found out" is wrong, at least when it comes to taxation.