I am using an off market property database software but it isn't consistent bc this type of asset is classified differently by county. 

Garden city has a very small population size, the location would be classified as rural and this is essentially a non starter for most hard money lenders.

While some lenders may consider breaking even as "performing," I personally wouldn't classify such an asset as performing.

Browsing the site, I saw there’s a classified section, so I thought I might as well post there, too.

hi @Joseph Molina, All advertising must be posted within our Classifieds forum only.

What land uses would classify as a student rental?

This is great if you have the right amount in your mix.So, to answer your question, I'd like you to classify your debt and consider getting read of the negatively leveraged stuff.Hope that helps.

My initial reaction is that if you total costs are $283k and the length of the project is ~9 months or so, you annualized return is about 14% - which I would classify is "good, but not great".

Either way I would not classify 2 storms as "constant bombardment.

If you're investing out of state, you will almost certainly be classified as a passive investor which just means you can only use (paper) losses to offset income from other rentals/passive activities.At the end of the day though, look at the tax side of things as a nice cherry on top rather than the thing that makes a deal work for you.