You have 5 student and 10 parents, so 15 people to deal with when a problem arises. 

@Andy Bhuchar This is more common than not, especially if it is a conforming loan transaction.

Get your hands on those books, and you'll slowly start to notice common phrases and literature Real Estate professionals use.

Cost overruns are common.

This will allow you to move quick when an opportunity does arise.

With rent increases being so large YoY there I might just have to wait a year or 2 for substantial cash flow.Airbnb/short term sounds like a common play.

This is a very common problem in Parma: homes built in the 40's and 50's with downspouts and a driveway drain all running into a broken or clogged clay pipe that is flooding the basement. 

We are also concerned about post covid revenue, will the popularity of big bear decline once travel becomes more common again.

Not all of them do this but it is a common thing to see.if you go the hard money route then you will need to discuss the terms with the hard money lender and see what they are offering.

@Ryan LloydIts very common for investors to reach out to me before purchasing a property, so they can get a better idea of what it would rent for.