I have never been involved on anything of this sort, how doable and cost effective would it be compared to buy/renovate,  any thoughts?

@Nancy B.The DMSH is less an expensing election and more a book conformity election.There's a concept involved in the DMSH and other areas of the capital expenditure code section and regs called "units of property".You don't examine each line item on a receipt, you examine "units of property".Buildings are called out under the units of property regs as having special treatment. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

in Marion County as well as most counties in the United States that I have been aware of there are habitability standards that are the requirement of the owner. in Indianapolis those standards are almost exactly the same as the Section 8 standards the difference is that the only time the county or city gets involved is if they happen to drive past or if they have a complaint.

@JD AltobelloHey, JD Thanks for reaching out, yes I am seeking out that property similar to the Davis square, Porter square or even that Harvard square type of area that is similar to RI.I love that stability of constant need for housing in college areas.

That's the beauty of that measure - whether they get paid every year, on in a single distribution at the end, the value of the investment is (theoretically) the same because the IRR is the same.This is with someone who is well known to me, though, with a small number of people involved ...

I’d also recommend getting involved in some of the local meetups, there are some good folks and good meetups around SA. 

I was involved in a similar situation and once the broker called and explained to the seller their obligation to pay the commission and that if they payed the buyers agent their percentage, they would still owe the full 6% to her firm per the listing agreement, the sellers understood their obligation and it worked out. 

According to a lawsuit, Ratajkowski and her husband (total net worth of $17M) have been able to live rent-free at their 1,100 square foot apartment because of an obscure New York state law called the Loft Law.

Owning income real estate directly is one of the many ways of owning income real estate and the way most frequently discussed on BiggerPockets because it involves the most hands-on activity (and when done correctly, probably yields the highest return of all the different ways of doing real estate).