I want to raze the existing structure, subdivide the property into 2, and build a new duplex, which has been done to numerous properties in the neighborhood.

What are some pro's and con's to Buying and Holding using the BRRR method (Buy, Rehab, Rent, Repeat) vs flipping?

If you intend to evict someone, turn off all methods of payment so they can't make partial payments and lock you in.If they're making payments and you think they can catch up within 30 days, then it may be worth sticking this out and hoping they do the right thing.

Lots of the clients my team and I work with are buying long term investment properties and either using the BRRRR method or buying turnkey and just renting it out.

I would of course check with your CPA and Attorney's but to my knowledge, a 1031 cannot be used to purchase a primary residence.I have helped numerous clients in your exact situation where the question of whether to sell or keep, or flip comes into play, and it typically comes down to where is your money going the furthest! 

What would be the best method of advertising to attract students to the property?

Nevertheless I've accepted numerous deed-in-lieu where I knew there was an underlying lien.

After seeing everyone's opinion I went back to educating myself more and spoke with numerous people that know more about real estate than me. 

Numerous issues here.1) You state you wrote off property improvements as expenses. 

Or does anyone have any advice on the screening methods and questions you use before selecting a management company.Thanks in advance!