Work with a good property management company who will get co-signers from parents (parents are typically paying rents) and be flexible around subleasing, especially during summer periods because students go home and do not always stay for summer time; this can still be a 12 month lease.

If your plan allows - you may be able to take a loan FROM your 401k; the loan is limited to 50% of the balance, or $50, whichever is less, and must be repaid over a period of 5 years. 

It took a period of time but it finally got resolved.  

In short, no. 

If you do a long lease, make sure you include periodic increases.

If lets say I have $50,000 paper losses from my real estate can I use it to deduct short term capital gain?

Just checking before I say more.Great question Account Closed I own both short term & long term rentals.

Short answer: no, not a direct offset.Longer answer: if you already have enough itemized deductions to exceed the standard deduction, then yes.

I had started by focusing on areas in the West End (Short Pump, Tuckahoe Village, Wyndham, Innsbrook & Glen Allen etc) looking for properties in good school districts where I could focus on attracting young families, looking for good school districts that did not have the down payment to buy in to the neighborhoods. 

The tenants are not responsive and I have found out that it is a waiting period.