The investors who learn a single strategy or tactic, usually from a “mentor” and do not bother to learn real estate fundamental, real estate finance and real estate law miss out on “creative” opportunities to significantly enhance their ROI or significantly decrease their risk.  

Potential tenants could include students who didn’t like their fall house/roommates, students who didn’t have off campus housing in the fall, and students who are newly eligible for off campus housing.

Hey Sean, Ken McElroy's "The ABCs of Real Estate Investing" is a valuable tool for anyone interested in learning about the fundamentals of real estate investment.

This will correct over time as more get burned, but until then, spend responsibly. 2) Do not listen to any advice recommending that you enter into a THIRTY YEAR agreement with a bank where you pay them a monthly payment in exchange for primary residence shelter where the only way you can meet the obligations for such a contract over the lifetime of such contract is that you househack, renting out your bedrooms to likely...strangers...until you are dang near Medicare eligible.

While you can’t take bonus depreciation every year, you can take it in the year the property is placed in service or when you make eligible improvements.

The lower the cap rate, the lower the risk.This is a fundamental rule of finance regardless of what the instrument is.

You can take advantage of bonus depreciation and accelerated depreciation deductions to offset your passive income.With the 1031, you might have excess basis which is eligible for bonus depreciation. 

If you are not planning on living there too, you would only be able to offer a gift to that person and you would likely not qualify as an eligible gift donor unless you are closely blood related. 

I've even had the chance to secure cash-out refinances between 6.00-6.50% lately - keep an eye on the 5-year treasury, as 720+ credit and $100k+ properties will be eligible for rates that are about 2.5% over that daily treasury rate. 

Future rental income is not able to be used.Keep in mind that retirement assets (401K, IRA, etc) are eligible towards reserves, and so are any other investment accounts.Rental income is only used towards the income portion of qualifying, not towards assets.Hope that helps.