Also one thing to calculate is the lost income during tear down and construction and leaseup.   

Would it be maintenance requests, tenant screening, lease management, or something else?

Hi all,I am located in North Carolina and am looking to have a builder build new construction and then I sell it once complete.

However, student rentals can be a bit more management-intensive.Market Prices: You’re right that homes can be pricey for their size.

I don't manage 700 but am plugging along.

I’m a local investor and licensed agent here in Birmingham and also work in property management, so I’m involved in deal analysis on a daily basis!

Property Management: Consider hiring a property manager if you’re investing out of state.

Many STR owners, hosts, and property managers fought this.

Maybe find out where the property manager is and visit in person.

It allows for passive investment and can be easily divided among beneficiaries after your parents pass away, helping to avoid disputes during asset distribution.This strategy helps manage long-term care costs and simplifies estate planning, ensuring a smoother transition for beneficiaries.