And you cannot touch the proceeds.

I don't personally know one, but I have friends who has a couple doors there who I could put you in touch with.

Really appreciate all of the insight and information.It's obvious from your post that student housing is an extremely high-touch business, but one that you have mastered - timing in marketing, expectation setting with kids, quarterly check-ins, the list goes on.So my question is, as an out of state investor considering investing in the same type of space, how would you characterize other property management companies ability to successfully run a business like this? 

I think this would make sense in the long run for the rental property as it will extend the life of everything it touches like the Sink, faucets, showers, water heater, dishwasher, and Clothes washer while also providing clean drinking water in addition to the reverse osmosis drinking water system I already have installed.The main problem with this hardness level is that we get a major deposit buildup on all of these items, which will eventually clog up the faucets for tenants and lead to rusty shower enclosures that take forever to clean.In addition to this, it looks like we could likely have the salt added every couple of months by the property managers in addition to that it would allow for a quick inspection from them, and then also we would instead bill the cost of the service onto the ledger for the tenants.For reference, it does not look like the landlords in the area have water softeners.Thank you everyone for your input ahead of time.

Then cabinetry, countertops, and final coats of paint (I have the base and case pre painted before install so that caulk and paint touch ups for the nail holes are all that is needed).

That's a nice situation you're in, and I wouldn't touch the underlying 2.625% loan.

If anyone has any agent connections that I could get in touch with to discuss best practices, that would be super helpful!

Get in touch with @Elenis Camargo.

I have connections with great Wholesalers and also Investor-friendly Agents I can get you in touch with - Just send me a PM :)

Happy to get you in touch.