Yes, there are some circumstances that would allow you to assume it; relative, death of a spouse, etc.

If they are relatively the same but offer a front desk etc maybe they are superior. 

A close relative is looking out for the property. 3.

I am finding the market challenging especially as it relates to cash flow.  

If you spend at least 500 hours annually managing or operating a rental or real estate-related business, the activity may qualify as non-passive, allowing you to deduct losses against other income.

Hi, you seem like a potentially good candidate for DSCR Loans, a loan product that was essentially designed for exactly this - investors that want to build a portfolio relatively quickly and not be slowed down by DTI requirements or other hassles from conventional options.Would be glad to help, also check out this 12-part series published here on BP on everything you would ever want to know on this loan option!

What I'm wondering is: is there a way to get the cash invested into this rehab back out of the property in a relatively short timeline, as if it were a BRRRR?

Quote from @Mike Donovan: Found this thread as I am researching Landlord insurance as it relates to student housing.  

Bank related issues can be prosecuted for 10 years.

As a result of being federally charged with these crimes, you may face monetary fines, penalties, prison time and other consequences of Equity Skimming.Equity Skimming and related penalties of sentencing are detailed in 12 United States Code USC Section 1715Z-19.