Find out what day they anticipate leaving.

James you can definitely gain a lot of experience investing in a syndication, some are designed to be more hands on with regular interactive sessions for members.

If your budget it tight going into the project, a bad rehab with no other funds available could literally bankrupt you.As an example, on our first "house hack", we bought a duplex, anticipating one tenant would move out, and we would sell our condo that we had under contract. 

One thing to know is students obviously are very savy with social media and they have no trouble posting about management company/landlord interactions.... so you need to be cognizant that they will share the good and the bad to all their friends.  

It is more about human interaction which ultimately leads to getting people to do what you want. 

The time to sell was longer than anticipated but at over $200/ft we ran that risk.

Goal = not have to report the anticipated 50k profit on my personal tax return for 2019Currently, the property is held in my name and purchased with all cash (no debt on property)Bought the property in Oct 2018, and hope to sell or cash out in March/April 201965k purchase + 85k rehab = 150k total......ARV around 200kI live in Oregon, and the property is in Tennessee.Thanks for your thoughts!

With my full time job, I anticipate making no more than $84.2K income after considering the standard deduction/itemized deduction. 

Be honest, built trust, and view every interaction as a future business partner.

If he does not, and his pro forma expenses are downplayed in any way your expense ratio for this purchase could be much higher than you anticipate even with a WCS in mind.