Quote from @Sonja Revells: @Chris Seveney primarily Padsplits  I would speak to a few lenders first before going through all these hoops, as I started to do this then when talking to banks they were basically telling me either get a secured mortgage as they will not lend to a real estate company on unsecured credit/debt.

One upside to me would consistent rent scale, meaning if you upgrade one unit early, you set the table for all of the units when done because they are all the same.

This will help you learn about property management and also you'll know what to look for in a PM.  

Check with their renter insurance (we require them to have this) to see if they will cover. 

The best way to do this is develop a great working relationship with a real estate agent or escrow officer and they will provide you with reports for free. 

Quote from @Rachel Marshall: Talk to your lender.

Love your post and congrats on the 8 doors already. 

I’m a 25M and looking to start soon. 

This plan was going to allow me to cash flow but was going to take more capital to complete.

As a result, there is less demand for off campus housing in the immediate area and its become easier to lease housing closer to campus if you are a Temple student wanting to live near campus.Keep in mind there  is also a narrow windows to lease to college students and if you miss their leasing windows it becomes difficult until the summer to lease units.