For me having my core bank of 30 pus years got me through the GFC if I had been with some big bank that might have been a point cheaper I would have been toast. 

But operationally, I would never want to be in an 2 member HOA, where almost everything had to agreed to by the other owner, if the condo units are owned separately.

If you had spent a dozen years in property management, and are now looking to buy, I might invest with you.If you had wealthy family friends and hooked up with a very experienced operator, I might invest with you.If you had educated yourself and happened upon the killer deal, I might invest with you.If you are scrambling in the dark with no experience or capital, why would I invest with you? 

Originally posted by @Dmitriy Fomichenko:@Marcus AuerbachHere is a comprehensive list of lenders offering non-recourse loans to retirement account holders:https://www.biggerpockets.com/...Thanks Dmitriy - that is an awesome list and it also answers my question as to how much down payment is needed: unfortunatly it will probably be 40% plus operating reserves.So I can either buy a cheaper building, under 250k, which is not my preference.

I am a principal in a small family business that owns GP interest in 800+ affordable units (tax credit financed) in CA, AZ, NV operating for 15+ years.

If your municipalities haven't landed on legal parameters yet, then it's something you'll need to pay close attention to, and always have a few backup plans if the laws change and you can't operate as a STR anymore.How much do you think a first time young person who has never bought a home would need to save for a decent property return investment?

I think college students will start to become more picky and will want more space, nicer amenities and nicer housing (especially if mom and dad are paying for it).If you are an operator that provides a superior service and product, I think you will be fine.

Would love to know how an experienced long distance investor operates.

I would be interested in hearing more about other student rental markets and individuals experiences operating before and during COVID.If you would be interested in talking more, comment below or describe your favourite Ontario student rental market and why?

Packer Wilber.They have been operating for 45 years with tons of exits!!!!