The property is located near two colleges, so I’m focusing on student tenants and planning for 12-month lease terms.Do you have any tips or advice for renting by the room?

A 30% above the cost of non-renewable energy was, at that time, considered marketable, more than that and they did not generally build after permitting.BTW, on government land leases there are requirements to mitigate impacts, so replacement land is required if the land used is habitat for certain species. 

Taking real time notes on deficiencies allows for clear understanding if the items make their way to a buyer repair addendum.

I am wanting to make sure I will be working with a title company that is familiar with wholesale assignment contracts, seller financing, lease with an option to purchase and possibly sandwich leasees with an option to purchase.

How long did it take you to negotiate the lease and oversee the move-in? 

(You know you’re on the right track and you insure future leases end between March and July by varying the length of the new lease.)Good luck. 

I do a lot of boots on the ground stuff for different clients of mine who might need stuff like leasing, walkthroughs, contractor recommendations, but want to be more hands on with the managing of the property.  

You're also trying to raise another $100k to rehab the property to get it leased up. 

The loan does need to be secured by the property being improved if we are talking about a personal residence and personal itemized deductions on Schedule A.

Unless you are itemizing your tax return, the interest on the primary is not tax deductible.