Plus my dad is a master welder, he builds huge commercial buildings- it made sense. 

She is 30, Masters degree, Math Teacher for 8 years and is looking to have a bit more freedom in regards to schedule.

If I can't get a tenant by October 1, should I let the girl rent the master and just wait for someone to rent the room?

Less money spent on supplies, less wear and tear on your place, less money spent on utilities, fewer guest headaches, etc.Bottom line: there’s a LOT of puzzle pieces you have to get right to make this work really well, but once you master it, it can be very rewardingI preferred to invest in the year-round high revenue parts of the US where you can earn a lot of money year-round.

We have only the kitchen, master bath, doors and trim left to do.

On the other hand, post-grads already got their partying out of their systems and are serious about getting that masters or doctorate degree--that would be the way to go student-wise.

@Brad WalkerBuy low, sell high.I’d recommend sticking with one lead gen strategy and mastering it before moving on to another one.

If you want a career in real estate, plan, practice and drive yourself to be the best damn wholesaler you can be and to do that requires being the master of your domain. 

-Find someone with 1031 money... if the size of their payout is big enough, they may take lower returns to be able to park the money tax-free.We negotiated a master lease on a similar situation (we ended up buying outright). 

Take a look at similar units near you and go from there.Arbitrage is when you do a master lease with the owner for a long term with the intention of doing short term rentals, usually at a higher rate and pocketing the difference.