I have college rentals and plenty of clients with college rentals around Seton Hall in South Orange and Maplewood. 

I am aware of the properties at Wolf Run in Reno NV, Inspire on 22nd in Austin TX and Hayworth Tanglewood in Houston TX that have suspended their monthly distributions.

I am always fully transparent and the owner in that situation is a long standing business associate that knows my character, experiences and background, strengths and weaknesses included.

While doing that, rethink how to best invest and deploy your corpus.I saw this article and thought of your plight.  

It had 22 of the 25 lots occupied but we'll be fixing it up, filling it up, billing back water and raising rent up to market.

No hidden fees.3) Proactive maintenance—Getting ahead of the problem is so important to save time and money for ourselves, the clients, and the residents.

I purchased sub2 a handful of times for fix-and-flip types of situations, where I was in and out of the deal in 3 months.  

This is what I do with my rentals and it is great!

A lot of loans require that you already own the land outright before they will provide funding but there are tons of different options.Once you have the funding piece figured out, I would discuss with a builder and try to price it out.

I was thinking I could put down the 50k so he had enough to pay off the heloc and make payments to him for the remainder to be paid off in 10 years with new renters.