Campus housing has been under tremendous headwinds for the last 4 years.These properties were sold with extremely aggressively optimistic projections, as well as a price that represented a significant premium to fair market value.So sorry to hear about your investment.

Demand in the market was very high after COVID.

From my experience, cities like Greenville, Columbia, Augusta, Huntsville, Chattanooga, and Jacksonville offer strong house-hacking opportunities with growing job markets, solid rental demand, and affordable multi-family options.

We would love to hear from anyone who current invests in any of the northern NY cities/towns about how their experience has been, what the pros/cons are to these markets, general thoughts. 

Market Demand: Buyers love move-in-ready homes, and flips are often the most attractive properties on the market.

Housing pressures will vary by market.

Until the lease ends and then the legal notice time in your market has passed.

It’s not an arms length transaction if your wife owns the selling trust that’s buying her parent’s property for less than market value.

- Will they search for off-market properties for you?

However, the property’s cost basis (what they originally paid) carries over to you, meaning if you later sell, you may owe significant capital gains tax on appreciation.Alternatively, selling the property at fair market value eliminates gift tax concerns, but your in-laws may owe capital gains tax on any profit.