@Eric Fichera Buy A/B  located properties, keep up with all local permitting & licensing, use a well drafted and fair lease, don’t unreasonably withhold deposits and be a responsive landlord or hire a responsive PM and you won’t have anything to worry about.

However, the rapid rise in housing costs is dramatically impacting people who live and work in Worcester, pushing them farther west and south in search of more affordable options to buy or rent.

Pick up the phone!

In the 10 year process new construction exit prices were 350K- 420K during 2016-2017, by 2019, 499K-520k were starting to move. 5 years later ( accounting for COVID and mortgage rate changes) prices are up around 650-800K in the same area. 

But if “by doing” he means investing without first having the knowledge to KNOW the risks, EVALUATE the risks (and potential rewards) and to TAKE ACTION to reduce the risks then the cost of this learn by doing education is probably going to be significantly more expensive than a degree in real estate from MIT, let alone reading the\ree or four texts on your own.  

There is no way to prevent an IRS audit from happening, despite the hyped-up claims of some tax firms.

But if the building is in good shape, that’s another cost to weigh.What’s the student housing market like in that area?

I have decided to partner up with another investor to buy this property together.

Will it reduce my cost of living when compared to renting?

We certainly have maintenance issues popping up here and there, however when and what issues are not predictable.