It's so easy to get locked in the mindset of "lowest possible interest rate"... but I also have to remind myself that interest rates *may* be creeping up, but they are still phenomenal comparatively speaking.I hadn't even considered the refinance aspect either, @Mark Creason.

https://venturebeat.com/2017/11/06/google-and-salesforce-sign-massive-strategic-partnership/Exceptions to the Contractor/Vendor RuleYou do not have to issue 1099-MISC forms to C- and S-corporations or to entities from whom you purchase products, such as merchandise you'll later resell.Payments made to contractors and vendors by debit card, credit card or through third parties like PayPal are also exempt—the IRS uses a different method to track these transactions. 

This extends to other aspects of their management as well, if you have areas of specific concern.

Not a scam or pyramid scheme in the way you are thinking, but probably not the best use of disposable income for the frugal investor looking to optimize their ROI.Some probably need the forced savings aspect. 

One of the challenges you'll face as well is the car aspect - going to view the property or running in to any maintenance issues so would ideally need a 1) a real estate agent who works primarily in these areas who knows what you are looking for and can do viewings for you and 2) property management company or a good reliable relationship with a handyman.

@Spencer Smith, you can also pay points and use interest-only aspects so that the cash flow is where you need it to be.  

My concern is just the mgmt aspect.

Not positive on the Airbnb aspect, no one I’ve worked with has purchased for that purpose so I don’t know the legalities, sorry! 

It is less than the annual cost, but law states you can’t profit on utility charges, which I don’t, and it’s close enough to neutral for me.It’s not worth my time to figure out RUBS or be a water municipality in addition to a REI, W2 employee, husband/father/family member and give back to community.Speaking strategically, you can choose your “issues” when you buy, and I don’t cross that bridge anymore.

Although, one aspect of student rentals I certainly need to understand more is how COVID has impacted rentals in Stevens Point.