This is something to budget for when considering this type of rental.Management Intensity: Managing student rentals can be more hands-on, requiring stricter lease agreements, regular inspections, and sometimes dealing with noise complaints or other issues.Seasonal Vacancy Risk: There’s a risk of vacancies during summer months unless you find tenants who stay year-round or offer summer sublets.Zoning and Regulations: Some college towns have specific zoning laws or regulations regarding student housing, so it’s crucial to be aware of these and ensure your property complies.Tips for Success:Proximity to Campus: Properties close to the university are more desirable and can charge higher rents.Furnishing: Consider offering furnished rentals as students often do not have their own furniture.Strong Lease Agreement: Have a robust lease agreement that includes clauses for damages, noise, and other common issues.Hire a Property Manager: If managing the property becomes too time-consuming, a local property manager with experience in student rentals can be a great asset.Overall, student rentals can be a profitable investment with the right management and location.

It sounds scary, but it is setup that way as a consumer protection. 

A Creative Finance Lawsuit can be brought by the Attorney General, the DOJ, FDIC, and on and on among others because it involves banks, wire transfers, possible fraud, possible identity theft, possible equity skimming, possible violations of the Consumer Protection Act, Dodd-Frank, ACT S.A.F.E.

If they fail to acknowledge your claim, then your contractor license board consumer department can help you out.

Have your attorney draw up a lease and purchase option to ensure your compliance with consumer protection laws.

Fortunately we had the financial position to be able to "leave them at the alter" and go a different direction, however most consumers may not be as fortunate or prepared.

Only thing is a STR is more time and mind/thought consuming than a IRA.

Not ideal and not the route I'd advocate, but bearable.In other instances, in which a financial/tax service provider promotes non-compliance to unwitting consumers, the potential costs can be astronomical to all clients.Consumers of financial & tax services should always seek - and get - total transparency from their service/product providers.

Even if you contest it you do so after they collect the funds back from your account, which is why the consumer's bank issues a "temporary" credit during the dispute process.Essentially you burn a processor and you're done with electronic payments for 5 years.

I charge more than Cleaning fee all year round to help pay for consumables and small breakage.