So not sure if you have looked into some of these types of "crowd funding/sourcing" platforms?

For small handyman-type projects, sure, but for anything bigger than that, buying your own materials is silly.

More of an turnkey SMB solution for a property co-owned by half a dozen folks than a enterprise-type solution.

Some metrics I'd look at are nightly rates, cash on cash return, what type of tenant will I be renting to (nurses, wedding parties, and so on) to name a few.

Does the IRS care about the type of loan I'm using?

Quote from @Tricia O'Brien: If you learn to use a search engine, you can find about anything.Go to Google, type in the name of the document/form you are looking for, and the state it applies to.

The NOL can be applied against any type of income, not just income from rental properties.

Does someone have a recommendation for an attorney (prefer Central Texas area) that is familiar with the structure of this type of transaction and can walk thru all necessary steps prior to finalizing financing and preparing for closing? 

Hi Alon, while I do not own campus rentals at this time I have worked with and for many different owners of these types of investment properties. 

Generally, when a debtor files for bankruptcy the automatic stay goes into effect, which is an injunction that enjoins pretty much every type of collection activity (look up that code section and read through the subsections).As a landlord, you even contacting the debtor-tenant with a bill or amount due or otherwise could easily be viewed as a violation of the automatic stay, which could expose you to liability (attorney fees, actual damages, punitive damages, emotional damages).