GoodWill,here is the thread from my similar question 2 months ago.http://boards.fool.com/Message.asp?mid=20752352&sort=whole#20767260Pensco's e-book is informative and I found them to be very knowledgeable (sp.?) when I called.I am using the LLC route as I have friends who are willing to invest, both retirement and non-retirement funds, which removes the UBT situation. As the property does not have to be in the US, we have started looking at some of the student villages being built in Ireland - primarily in Galway, Waterford & Limerick. These are 4-bed, managed units, with guaranteed occupancy/rent for the academic year and they also have summer rentals.learning together,PB
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