Tampa has a lot of value-add opportunities in gentrifying areas where you can snag deals that balance growth and stability.

I focus almost 100% on my pad ready land cost to come up with profitable deals. 20% of gross development value is the most I will pay for land.

For me as well as the seller.First, you have to define Sub to financing.Do you mean the reckless kind where you overpay for a property, take over the financing and borrow from others to cover closing costs and holding costs when you have no money, no credit, no income, no reserves and can't tell a warranty deed from a deed of trust and you close on the kitchen counteror do you meanbuying below market value, already having a nice income, having reserves, using escrow and title, already understanding the due on sale clause, have done a lot of creative purchases and know when to use and when not to use creative finance and how to recover if something goes amiss?

Feel free to reach out to chat all things student housing! 

If managing it yourself feels unsustainable in the long run, hiring a good property manager could give you more peace of mind.Since a 1031 exchange or like-kind replacement doesn’t seem to be a good fit for your current situation, you could consider a HELOC if you need to tap into the equity for other investments without selling the property, although rates are high so this would eat up your cash flow.

Feel the fear and do it anyways is one of my motto's also a very great book!

If you're open to sharing, I'd love to know who's building for you and anything else you feel like sharing.

My wife and I feel real estate is a great catalyst to get us there.

If I'm borrowing at 7.5%, is that value destruction (unless appreciation is really good)?

To make the strategy successful, you need to find a property that can be acquired below market value.