Your business model is simple:  find homeowners desperate enough to sell you their property for .40 on the dollar. 

If you hire a PM, expect it to be no less than 40% unless the properties are brand new and require almost no maintenance.With that model in mind, let's look at the Class B property above. 

Pretty much the same model Ben Leybovich outlines in his book (which is terrific).

Trying to wrap my head around putting the refinance conventional loan into my underwriting. This is a theoretical deal:Seller Financing 32 Units $2,500,000 deal.I put 10% Down ($250,000) at 5% I/O for 2 years.My annua...

Basically this model: https://www.biggerpockets.com/...I look at these types of investments first and foremost, because I know the markets, can use the STR myself for personal value, and they tend to be in appreciation-friendly areas.

Seems they would be able to operate on takeaway model for the moment.

Both good models. 

What this has shown is that all the scientific data that they have means absolutely nothing, because there are as many opinions and models as there are scientists and universities; all coming to different conclusions, and so far none have been accurate. 

We build our property analysis model assuming we are BRRRRing and paying off a mortgage.

Value-add for this property will be realized in the down-stream effects when it's filled with students who pass the house down to successors, yielding a sustainable long-term student rental model.