When I learned about the situation, I knew I wanted to help preserve the family property and also create a solid investment for my future.

But any depreciation amount beyond that can be carried over to future years. 

Quote from @Evan Polaski: @Chris Seveney, I hadn't looked at any details on this offering into now.Things to consider from their own marketing:Operating partner has done all of 10 flips.Their entry price point is a price that I would expect any truly experienced flipper to be able to take down very easily on their ownTheir historic IRR, while high by MF standards, is average, at best, from my experience with flips, and it is unknown if this is net to LP returns.I have flipped homes myself, so am not their target investor.  

This will go a long way in creating a network and future sellers and buyers will start to see you as a resource in this arena.  

Exit StrategyResale Planning: Research market trends for optimal selling timing.Long-Term Investment: Consider retaining the property as a rental post-graduation.Marketability: Choose a property with appeal to future students or young professionals.By following these steps, you can make a well-informed decision and ensure a successful investment that benefits both you and your student during their college years and beyond.Peter Derry PHD Properties 

Future land appreciation in this area might outweigh any tax benefits from buying in other areas, with a better (tax-wise) ratio.Before pursuing your plan, talk to a real estate accountant to figure out if you can, in fact, benefit from cost segregation.

I am still personally buying rentals but I am not expecting much in the way of cash flow at the moment.

The fresh perspective from someone outside of my network is crucial, that way my expectations can be closer to reality if I decide to reach out to new contacts for this opportunity. 

If you're already stretched thin and expecting to hit 15-20 properties by year-end, hiring by summer makes sense, specially if revenue can support it.

I could care less if someone smokes marijuana but worried it might impact other tenants & future renters.What are my options, if any?