Typically when people graduate they look for a job and move to the area of the job.

Typically a solid GP would reach at a 2x multiple in 5 years, taking your 500k to 1MM.

Thank you Nick - unfortunately it is the name of the game in this space that there will be people with bad experiences, typically when the appraised value doesn't come in as what they expect and they lash out at the lender accordingly (anyone in this space obviously understands this occurrence). 

However, I don't find the long vacancy particularly enjoyable, and I'm hoping to gain some insight and grow from the experience.Has anyone else experienced this, and what did you do to avoid it?

Typically lenders can lend up to 50% of what your gross income is.

We also have this specific property listed on FF in hopes of gaining a 3 month + rental through the winter.

Typically will be rent by rent strategy (which is tough for none owner occupants) or College rental.   

Typically you cannot 1031 out of a syndication as the partnership (ownership enttiy) must be the one to do it, not an individual investor.2.

.#10 CONTRACT - make sure what you are doing STR is listed in the contract - typically in the addendum section.   

Hey, if you get married you'll be able to shield an extra $250k in capital gains!!