It seems the university doesn't have adequate living space for students.Buying a smaller lot with plan to build one property will hopefully eliminate the obstacle of clustering.

With that being said, I spent a great deal of time stuffing one ceiling with sections of carpet and insulation to eliminate noise, and after re-sheet-rocking the ceiling and moving in new tenants the sound still transferred through surprisingly audible. 

ADU makes me eliminate some of the living space and take it down to 1200 sq. ft. 

In planning for success in investing you do not ignore any opportunity to control risk through elimination. 

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

Yes, a judge in Texas can (and often does) interpret a statute differently than one in MN or FL, but if you're concerned about the eliminating all risk then don't get involved in business...in fact, don't even get out of bed tomorrow morning...that is the only way to eliminate risk.

Even getting a loan in a LLC, the first few you will be asked to personally guarantee anyway, which would eliminate the benefit. 

Beating index funds takes effort, which is why BiggerPockets exists for those interested in real estate investing.Interestingly, the government's asset-based definition of an accredited investor ("millionaire") has remained essentially unchanged since the 1930s (Dodd-Frank required the value of one's personal residence to be eliminated from the equation when calculating net worth).

Which resulted in a nice reduction in P&I along with the elimination of PMI. 

There are many "Free" ways you can set up electronic payments however you want to make certain that you eliminate the risk of tenant fraud or eviction redo.