Technically, developers come up with a land value for what a builder may be able to pay for paper lots by using a proforma (financial model) to determine a residual value. 

Find somebody locally that's already renting to students and see if you can provide value to them and learn about their business model.

We have had a couple evictions and I agree that the model is not the best for property owners.

@Scott Trench REPS cannot automatically use the LP interest to offset their income.

I am a former travel nurse so I feel like I have always had a heart for the traveling healthcare professional since I was one :) The MTR model fit well with our goals and values and it's done so well for us. 

For the purposes of property tax, they change formulas starting 4+ units to commercial models. 

If you want to buy real estate and can't come up with the down payment funds there's two approaches:  (1) save up until you can afford the down payment; or (2) raise LP capital*.

.: Quote from @Xin-Ran Jiang: But when they bring up the syndication approach of LP+GP, that they will help me raising 35% down payment from private money in exchange of 65% share of ownership, I shocked.

Robbie - first thing that comes to mind is renting out the rooms individually on shorter term leases (co-living model). 

I know my model didn’t take into account every factor.