The soil guy wanted us to modify some of our structural designs and then yelled at the structural guy for approving the structural portion of the permit, even though that was outside of his scope/jurisdiction.  

It is doable but there are so many finite details such as down payments, what portion goes toward equity, what is selling price, who is responsible for maintenance and upkeep of house during the period of time.

@Minka Sha You could just bill your tenants for water, or a portion of the water.  

Once you are at 78% LTV (and I believe 5 years, but check on that) they should remove that portion.

If you use leverage it is true you may have to pay UBIT however it is only on the portion you leverage and depreciation can be used in this case.

The biggest portion of my profit happens on the back end, where I make 20k or more if my buyer defaults. 

*If parents don't qualify for co-sign then make sure you get additional security (IE double deposit)*If renting larger apartments to multiple students it works well for each to have their own lease with their own portion of the rent.Hope this helps.

Understand that your traditional large banks with a large portion of the market share, aren't necessarily investor friendly though they may say they are.  

My guess is they get a good portion from craigs if they regularly post.

My understanding is that a prorated portion of the net profit will still be taxed.