You've received excellent advice on the tax ramifications in this thread from a fantastic CPA.

BP is an excellent community with great resources. 

The Ultimate Beginner's Guide is also an excellent start.

@Derek Gendig - oh for project management and communication we just started using Glip from RingCentral (also an excellent business phone service). 

wasn't sure how to just add an excel file so copy and paste makes it look a little funny. 

Got another excellent counter we are looking to take.Not sure its any more than normal.

@Roy N. you make some excellent points about a hybrid approach to student housing investments.

To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating integritySo, start out by listing everyone you know in an Excel spreadsheet.

I am very eager to learn and will provide excellent results for you, no doubt about it!

And as I said before your Realtor and Property Manager are excellent sources.I want to know what class of neighborhoods are there, Property types, average sell prices, crime, schools, economic growth,  rent rates, etc., etc.