It can be a great business model, but there's a lot to understand about MTRs because the niche is broad, but there's an art to matching your property type with the right type of guest.

Loans sometimes come with strings like immediate repayment upon termination so be careful and understand the risks.

They might be more flexible and understanding of your situation but will still need a convincing pitch on the deal's potential profitability.Remember, in real estate, there's always a way forward.

Understand, but if you want to be anything other than a struggling agent you must think from the client's perspective.  

Once you get clear on that understanding then you're ready to invest and that should line up with a time hopefully when the opportunities are better in the space than they are right now and say 8 to 16 months. 

I am trying to get a full understanding of the expenses and the tax implications of having a tenet. 

Your understanding was correct and anyone can do a 1031, with just one property, no LLC, etc.

I understand this requirement is in the Texas Property Code, but I want to confirm it applies to student housing. 

I am new to real estate and am wanting to get a good understanding of the market in the area in order to figure out what I should be aiming for to get in return per month.

Don't see a reason to look differently now, but absolutely understand I need to here shortly.