We refurbished this property to a standard that then attracted higher-end professionals and we had it fully rented out within 2 months of signing.
We agreed and signed on a 5 year commercial lease that gives the landlord a monthly rent that covers his mortgage and gives him some profit and we could then bolt on an option to buy agreement that allows us to purchase the property at a pre-agreed price at the end of the tenancy.
The property had had students in but required a high level of management and frequent repairs and the lease that we agreed meant that we took over all of the bills and maintenance and allowed the landlord to step away and receive a reliable monthly rent without any hassle.
With the option to buy in 5 years time the landlord receives guaranteed profit for the next 5 years with no hassle and a potential easy sale at the end of that period at a price known and fixed in advance.