I suspect there's so much vacant land in TX this model just won';t pan out

@Sarah Tankersley @Aaron Hafer @Chris QuinnIf that doesn't pan out I can hook you up there with whatever you need.

I not by any means an expert, but I would suggest having alternative outs planned for anything you might buy for a student rental in case a project doesn't pan out.I've recently found the Tallahassee Investors Network and those guys put together a great gathering once a month that I'd highly recommend you make the trip over for.

You can take out the pan but what do you do with the subfloor and floor joists.

Mobile, manufactured, trailer, tin can all interchangeable for the same product.

They might look good on paper but the only time they might pan out is if you are local and hands on.

I just need to introduce myself to the local non-profits and see how that pans out.

@Daniel DietzYour analysis is in the right direction, but not quite there.1) Determine the debt financing ratio - in this case .602) 60% of the gross income is then looked at by UDFI3) 60% of all deductible expenses are applied, so 60% of straight-line depreciation, 60% of the interest on the note, 60% of property taxes, etc.4) $1000 exemption applies5) The net amount after deductions and exemptions is then taxable to the IRA, and the trust tax table is used to determine the tax amount.Even if you have a negative UDFI liability, it can be worth filing the 990-T in case you can carry that loss forward to future years.We have a UDFI calculator on our website and if you PM me, I can send a link to you (BP does not want me posting that outside content on their forums).

If everything pans out well and the numbers make sense, maybe we could tackle a deal together.

It's hard to evaluate hypothetical numbers to see how they will pan out.