I'm excited to get started on this project and I'm confident that I can do a successful flip with the right team of people around me.

Hey John, Seems a bit high...they are typically falling around 7-8% right now.

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

For a years work.Yes this is right.

I thought, who does a 5/1 arm right now, rates are the lowest they have been in years?

You've come to the right place.

One bed+bath upstairs, two beds + one bath in a finished basement.Fast forward 5 years (after the long term tenant of 4 years left) and I get a report that the basement has been ruined from water intrusion, requiring the entire basement to be gutted and re-finished.

I want to know if I’m making the right decision.

@Paige Corsello two helpful thoughts for you:1) We don't know, what we don't know.2) If you don't ask the right question, you won't get a useful answer.Another poster answered your 1031 question, what purpose would repeating that answer serve?

You are certainly in the right spot to get started House Hacking.