It's important to weigh the pros and cons of each approach based on your risk tolerance, comfort level, and long-term goals.Good luck!

This is something to budget for when considering this type of rental.Management Intensity: Managing student rentals can be more hands-on, requiring stricter lease agreements, regular inspections, and sometimes dealing with noise complaints or other issues.Seasonal Vacancy Risk: There’s a risk of vacancies during summer months unless you find tenants who stay year-round or offer summer sublets.Zoning and Regulations: Some college towns have specific zoning laws or regulations regarding student housing, so it’s crucial to be aware of these and ensure your property complies.Tips for Success:Proximity to Campus: Properties close to the university are more desirable and can charge higher rents.Furnishing: Consider offering furnished rentals as students often do not have their own furniture.Strong Lease Agreement: Have a robust lease agreement that includes clauses for damages, noise, and other common issues.Hire a Property Manager: If managing the property becomes too time-consuming, a local property manager with experience in student rentals can be a great asset.Overall, student rentals can be a profitable investment with the right management and location.

I actually partner with investors on deals just like this so if you are interested feel free to reach out!

What's your risk tolerance, the time you can spend on real estate, the cash that you have access to, etc.

If duplex is vacant when you are doing the renovation, the normal policy we use is a Renovation Builders Risk.  

.- At the surface it sounds like a great opportunity, but I think there needs to be some more digging into the numbers to understand if its worth it at that price, and what the risk profile is.  

Risk vs.

3) If you went the LLC route, how much money you would put into the LLC to significantly reduce the risk the EPA and Arizona's environmental agency pierce the corporate veil.

You can browse the forums for more information, but those are actually both pretty high risk options as well.Have you considered house hacking, or a live in flip?  

Explore various investment strategies based on your risk tolerance and investment objectives.