This is something I was considering, but time is not something I have in abundance...This gives me a good idea though, I have an adult son with high functioning Autism that is presently out of work due to the pandemic.

I approved them knowing 5 people would occupy, 2 adults and 3 kids.

Milwaukee, while not my hometown was where I became an adult, went to school and learned many valuable lessons of life. 

@Michael McKaySome quick observations from our experience with Student Housing:1) Check the zoning / by-laws for the area to confirm the maximum number of unrelated adults permitted in a single dwelling.  

haha, these are mailmerge form letters sent by the 10,000's... every field in that merge came directly from the county assessors office - LSM gets the tax roll, extracts the usecodes for vacant residential, and then starts printing and mailing letters. these folks send letters and wait for replies, then offer startlingly low prices over the phone or email, all without even looking up the parcel. they are not interested in a typical sale at all. call them and play it out - it's educational, free and sometimes very entertaining!

I entertained the idea of obtaining a conventional mortgage for the acquisition, rehabbing it, and then refi.

What we have encountered are:Lenders who will not hold a HELoC with a corporate borrower and others who will simply not entertain HELoCs on rental properties;Lenders who will only allow a corporate borrower to refinance a property to 75% and others who place this restriction on rental properties in general;Lenders who will not allow a corporation and natural person to be co-borrowers on a mortgage or to hold title as joint tenants or tenants in common on the mortgaged property.

At a fee of course.Yancy's ' Flipping In Vegas' show is very entertaining and I am sure the seminar was too but I am sorry to say that it is a never ending money trap.

Sometimes adults.

I could see it being used for heat maps on prices, for neighborhood demographics, owners vs. renters, zip code temperatures, new planned entertainment areas that may increase appreciation, cash flow averages for parts of cities.