Reading so much about direct mail for customer contact and list building.

Additionally, now in California, a lot of concessions are available for those building student housing. 

These numbers are rough, because buildings are different, apartment sizes are different, etc.  75% LTV buildings about $200 per door  0% LTV buildings about $500 per door 

Purchase price: $125,000 Cash invested: $60,000 New build rental.

But I'm sure they'd appreciate it and it may build some loyalty moving forward.  

@Aryan Strauss In a non-smoking building we have lost prospective very qualified applicants because of smokers off the premises.

The way I think about stocks Vs RE would be stocks build personal wealth and Real Estate builds generational wealth, this would be my simple way to explain how I think of it.

NOT good news as the city tore many abandoned buildings down.Why were they abandoned?

I am a Real Estate investor in Colorado looking at doing something similar, I put together a syndication here to work on a development, starting next year to build tiny home neighborhoods in the local area.

Biggest risk of seller finance is if the buyer finds bad tenants who don't pay rent and destroy the property, now the buyer can't afford the payments and gives back a distressed building, now the seller has to spend money to fix it up, which could cost more than the down payment he got from the buyer.