I would guess I physically inspect 5-10 properties for every one I make an offer on and I may only get under contract on 25-33% of those because I typically offer aggressively so my numbers work.

There is a special exception for a residential rental property operation with active participation that allows you to use net passive losses from your rental activity to offset your non-passive income (W2 income, or, ordinary income).  

Pretty typical seller at 10%, your idea of 3 to 4 % is actually more in line with the actual value of that option, at that price range, over that term (1 to 2 years), and you sure aren't buying any cash flow!

Unless the space has already been setup for each unit in the rooms, I would just build a laundry room coin operation somewhere in the building.Your business will be built on the college season, if you don't book all the rooms while students are preparing to attend college that season, you wont book it till the following season.

If you have a prospectus for the property, PM to me along with the details for your executives and operational staff.

For a quick answer, I think typically they require you to season your rentals for about six months and the percentage is generally 70 to 80%.

Hello All,I have purchased my first two rental properties in my name, but have since decided to operate my business as an LLC going forward for liability reasons.

It is typically about a 2 year process.

All the crowd funding site be different but what sort of criteria do the look got typically in the borrower?

@David Faulkner what would you think of project manager/key "turning" operation (not ready to go, but helps make it ready to go)?