This ma be a front for a cult.

Assuming you go the DSCR route, your mortgage payment will probably be more like $19k at least...but your loan is using an 80% LTV, which is higher than most lenders I work with, I usually see 75% LTV.Sorry to be peppering you with numbers, but depending on what you're looking for in return, this appears to be a very marginal deal.

Quote from @Cooper Meurer: Lately, I have been mulling the idea of selling my primary residence and renting for 1-2 years before we leave the Midland area and move to the Texas Hill Country (surrounding Austin area)Reasoning for this:- I currently have around 120k in equity in my residence and I have a 4.75% interest rate. 

There is way to get this done without using your Cash. 

I don't see students paying Ivy league for this school, but I could be wrong, I don't know this school at all. 

What made you interested in investing in this type of deal?

@Henry Clark thanks for sharing this detail, really interesting to see the operations and "stabilizing" side of things. 

.- Legal and Tax Implications: This strategy involves intricate legal and tax details.

I looked into this prior and there was no way if you are dissolving and changing tittle to the assets - what is your cpa saying ?

What made you interested in investing in this type of deal?