dose this building fall under historical rehab tax credit or can you put in place cheaper material and do capital impovements along the way thier many ways to save money on rehabs just depends on how much labor you want to add thier are many second hand supply warehouse in STL and surrounding area I understand the money hardship and bankruptcy will destroy you ( been thier done that, not cool) you can look at hard money or saving money on labor and material by doing it yourself just some ideas. .... good luck steven

It just comes down to supply and demand and the availability of capital. 

I'm a full time supply chain analyst so this is a side project for us.  

If anyone is interested I can supply more details.

I'll probably go more of a volunteering and donating aspect in order to save money on supplies and labor.

For instance you can supply money, supply the deal, supply the maintenance/rehab, provide property management, bookkeeping.....and the list goes on and on.

Honestly, as a smoker I would limit it to smoking outside.

You'll have an ample supply of students, but you'll have to deal with the transient nature of college housing.

You the lender supply the DTI you need.  

If you're going in on day one and replacing all major mechanicals, plumbing lines, electrical supply, roof, siding, windows, and doors, budget 1k per unit per year and you'll be fine.