Rental in Tempe (ASU) - Good Idea?

[Brandon Seider]

Hello,

Other than the purchase of the single family dwelling my family and I live in, I’m beginning to consider a first investment property. My son will be attending ASU, beginning in 2024. While he will be living in a dorm for his freshman year, I’m wondering if it makes sense to purchase a rental property near campus, that 1) he can live in, and 2) I can rent 1-2 additional rooms.

I’m not sure if this is a good strategy (purchasing an investment property that coincides with my son’s school arrangement).

Thank you for any insight you can offer.

Brandon