Do you need the cash for other purposes?

Here those units within 5-10 minutes walking distance of campus are best purposed for student housing - both because they are most desirable to the students and less desirable to other populations.Within this radius:A multi-unit building comprised primarily of 2 bedroom units with a few 1-bedroom and/or 3-bedroom apartments works well;A house with 4-5 rooms is appealing to groups of chums (mates) looking to live together, though social cohesion is more difficult to maintain and annual turnover is common;A house with several furnished rooms (and a live-in Den Mother) is appealing to International Students.We have been fortunate to experience very little in the way of "student damages" to properties, but we screen very thoroughly and almost always require a guarantor (typically parents or grandparents) to backstop any damage or fiscal failure of little Janey or Johnny.  

Hi Izabella, My company provides online applications for independent landlords and we do require credit card information for the sole purpose of the tenant paying an application fee.

Having a title company, attorney and agent who works for you vs a hive mind who works for both is in each sides best interest.Just my opinion1) The large SFR REITS are already doing this... not sure exactly which tech they use, but they are doing “self showings”.2) I don’t think blockchain will take the places of home inspectors or other similar services providers / contractors required for the sale.3) yes, there are hurdles... please see my comment above that includes a list.It will take time to adopt the tech, and it will be used for a specific purpose, but I think most applicable are transaction in which there is a middleman or centralized company that doesn’t offer much value except keeping a ledger or keeping track of paperwork  (ex. lending, listing service,  escrow, etc.).

For liability purposes, we were suggested that we create individual trusts for all of them (3 in total) and make our LLC as the beneficiary.

When you create the condo regime, it will be filed with the county and they will divide the taxes to 2 tax bills accordingly.In theory, you are only adding the value of the new structure for tax purposes.

Just as a note, I’m most likely not purchasing this and just am doing this for educational purposes and a learning process.

My husband is looking to purchase a duplex down there for investment purposes and wants to make sure the inspection is thorough.

Sometimes a lawyer is needed if you're doing something complicated.You might want to consult with an accountant so that you have the right setup for tax purposes.

Likewise, the instructions to Form 8825 state that each rental property is to be shown separately on the Form 8825, even if the activities are combined for purposes of the passive activity rules.