There are lots of other things to keep in mind when renting to students not unique to URI, I think the biggest one to know is screening is not what it is with other tenants.

Parker Borofsky (not sure why it won't tag her) was so awesome work with on the mortgage side and was incredibly helpful with my husband's unique employment situation.

@Rob WilcoxAgree with @Ashish Acharya.Vacation rentals/STRs have unique tax treatment under the passive activity loss rules and depreciation.Personal use of the property can through another wrench into the system. 

It is a beautifully renovated and unique property (built around 1940), there was nothing in the area like it, unless you went to brand new construction, which is starting in the mid-500's. 

If it’s a unique property and they need more time that can usually be discussed.

An LLC or different entity will not allow you any additional tax benefitsWith a house hack you have a unique set of rules to follow in terms of splitting up expenses and allocations.You are only allowed to depreciate the square footage that is fully business use, so you can't depreciate your living room sq footage or shared spaces, or your personal bedroom and bathroom. 

I think for me, taking part in helping build up the local economy by investing in real estate while spreading the word in my own country about an undiscovered unique place is the appeal.  

Each Land Trust to be unique name not tied to our personal details or address.3.

My business partner and I have an opportunity to get into mobile home park investing with a (possibly) unique option.  

But a good reminder nonetheless of the value of knowing local markets- definitely easier to stay close to home and you make a compelling case..Cali is definitely a unique market... and definitely has even more unique markets within.