Are their listings detailed with good quality photos?

Once you get a system down and speed becomes the hurdle to overcome, then delayed finance becomes appealing.

The people I know in this area do not want to own any homes and this can improve the quality of tenant at times as they are looking at it as their home.    

As long as the cars aren't all on blocks, then that's not really an indicator of neighborhood quality. 

They clearly had expenses thinner than 50% in most cases so my assumption was, with a quality product (full renovation of all the big capex things: roof, mechanicals, plumbing), and in a decent area with good tenants, you can safely lower the expense projections under 50%.

The homes show you the quality of the work.

Some of the challenges I’ve seen here are in the early stages of building a reputation of quality student rentals and then keeping your pipeline of upcoming students full for when turnovers occur. 

So to help the budget I went in and installed flooring and minor things to help speed the process up at nearly the end of the rehab.It definitely was a learning experience and has really helped me prepare for other rehabs. 

The traditional mortgage with a bank or credit union is appealing because of the stability but also like the flexibility and speed of HML (such as buying cash only homes).

First thing we did was evict the problem tenant, luckily we were able to offer her cash for keys to speed up the process.