If the LLC you own shows a loss (beyond depreciation), and you are an owner of that LLC, this would carry into your personal tax returns on Schedule E, page 2 from your K1.

College towns are great options for investment properties.

These days, a couple of things seem to be affecting how and where college age students are attending classes.

I will kindly ask anyone if you have any questions please schedule a call with me and it will be a pleasure to help each of you individually. 

I think most of the students at those two colleges are commuters anyhow.

You can set it up so that it happens pretty much any schedule.

It is currently on a 15 year schedule and I have 12 years until paying it off. 

I currently have three rental properties all located near the local college and the refinery in the area. 

I also reccomend lining up a contractro early, realy early, from what I’ve heard, so you can keep everything on schedule and budget.So now that you’ve tackled what most investors would call a major job, do you see yourself repeating a similar strategy.. or do you feel like branching out into something else?

I also recommend explaining what the penalty will be if she's not out as scheduled.