Wilmington is always a happening place to be and you have the added benefit of having UNC Wilmington close by so you might even find a college rental if vacation doesn't work out.

For example, here's one I actually put some money into:https://www.realtyshares.com/investments/courtship-village"Distributable cash flow from operations and proceeds from a capital event is to be distributed in order as follows: To all investors pro-rata and pari-passu until investors have earned a 9.0% annualized preferred return;Proceeds above a 9% annualized internal rate of return to deal-level investors are to be split 80% to deal-level investors and 20% to the Sponsor, until such investors have earned a 16% annual internal rate of return;Proceeds above a 16% annualized internal rate of return to deal-level investors are to be split 70% to deal-level investors and 30% to the Sponsor, until such investors have earned a 24% annual internal rate of return;Proceeds above a 24% annualized internal rate of return to deal-level investors are to be split 50% to deal-level investors and 50% to the Sponsor, until such investors have earned a 24% annual internal rate of return"So yes, as an LP I get cash distributions on a quarterly basis, and then also upon an exit event. 

@Keith Chew Nope, we didn't end up buying it, but it was just because my brother was still in college at the time not working full time. 

In college town it is popular.

I have been very curious on how an Airbnb would work in a college town like Champaign/Urbana. 

It's also maybe a quarter mile from a private college.

Their internal appraisal method is a little wonky IMO but again, you are free to get your own appraisal and inspections and lenders will require this anyway.

Because of that you have 20 times more potential buyers when you are ready to divest.When I was starting out, I bought a house with 4 rooms near a college (Didn't have a wife so this was an option to me) and rented out the other rooms to college students.

College has its place for learning and can provide a lot of benefits including a degree, which many industries require.

I was leaning towards SFHs but I was looking at a few as vacation rentals, some as college student housing, and even staying in DC and house hacking with an FHA loan for my first investment.