Just another way individual lenders can weigh the risks of the loan and make rates and terms commensurate with likelihood of those perceived risks actually occurring.

Having one investment property doesn't make real estate investing a career for you.  

When borrowers are talking to my definition of a private lender - you are talking to the decision maker.

$450 per room is pretty cheap these days, particularly if housing is limited.Make sure there is not a medium term risk that the school would require students to live in school provided housing at some point as that is a huge money maker for them and some schools are expanding housing and requirements beyond freshman year.

How can a syndicator make real money on a 70/30 split?

I think that will increase the monthly profits to make real estate a legitimate job option once I get out. 

One of the major concerns I would have if you have any competition in your market that has ‘conventional’ self storage is the fact that the majority of the decision makers to rent are women.

Honestly, property management is not a huge money maker and if you are making 6% of gross rents it's not worth your time to deal with issues from tenants and owners, so often the lower priced PMs just don't do that.

Holy Cow have law makers heard about the drought?

Refrigerator ice maker broke.