I hope to make a bit more on deals, but not loosing money with a huge learning curve is a positive.

Their cheap guy took their money and did only half the work, which was shoddy at best.

Will they escrow money to undo the modifications when their lease expires?

If they have a solid track of students making money reliably, heck yeah absolutely go for it.But don't go for it because you already want to and you just want validation from others.

Hello Bigger Pockets,I am a Private Money Lender. 

I'm Patricia, a private money lender based in Tennessee.

I also know plenty of RE agents who continue to buy off market properties at a bargain and they have not experienced any legal issues. 3) Business structure - keep under my building LLC (taxed as S-corp) or start new, then transfer properties that I keep to my holdings company. 4) Overall concept feedback?

I would also recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return.

But hey…maybe you have an uneducated seller..there are plenty out there, *FSBOs cough cough* lol jk…sorta.This is common knowledge, but it does still blow my mind how much money some sellers will leave on the table for a cash offer instead of a financed offer..

That's basically a 3.75% tax rate for Hamilton County.