Seems like a good plan with your target markets.Remote ownership is very doable with the right property management and systems in place.Good Luck!

Give him the down payment you were planning on, then refinance it as owner occupied when it's time to buy him out. 

This will likely be part of a 1031 exchange, with plans to purchase by spring or summer 2025, before the fall semester.Thank you!

If there are comps with the same floor plan those will usually be selected first.  

Plan is to build business and residential. 

They may also have other ideas and plans to guide you.

Form an asset protection plan that's so complexed it must be described in flow chart form and must include a Wyoming LLC, otherwise what's the point if they aren't "anonymous"?

Donald Bren: A real estate mogul with a focus on master-planned communities.--- Tactic 1: Long-Term Vision: Bren focused on large-scale, long-term developments, creating entire communities.--- Tactic 2: Quality and Aesthetics: He emphasized high-quality construction and appealing design, enhancing long-term value.--- Tactic 3: Strategic Land Acquisition: Bren acquired land in strategic locations, often before areas became highly desirable.3.

The PO Box mainly won't get used but in future I plan to use the address with any tenents.   

Turnkey properties are better if you're planning to hold for a good while (5+ years).