The end goal is to own 63 properties in 7 university markets with nearly 3,000+ beds. However, the addressable market still consists of more than 6.3 million students in 280 markets, based on my target market of Histo...

from what i've seen the cash flows are way down from 2013 levels in Memphis, Jacksonville, Ohio and Indianapolis markets for SFH from these turnkey providers.

The most important macro level factors that I consider are 1.

It is my opinion that the town should approve a small apartment development that will meet their housing needs with little resistance.

The end goal is to own 63 properties in 7 university markets with nearly 3,000+ beds. However, the addressable market still consists of more than 6.3 million students in 280 markets, based on my target market of Histo...

It would all depend on your comfort level with the area that the building is in.

My name is Joe Sherman, I have been in the real estate business on a personal level since 1998 when I bought my first home.  

Hit 'em up with your questions - one of the reasons I chose Grand Rapids was the level of support I received from local investors. 

Regarding your question about the 5-year period, I believe you are talking about the built-in-gains (BIG) tax but you may also be talking about Section 351 transfers.The BIG tax allows you to avoid taxation at the highest corporate level on your built in gains when you convert a C Corp to an S Corp as long as you don't sell the property or otherwise recognize those gains within a five year period.

From a high level, figure out what means retiring to you.