Student Housing in Waco TX

[Olusegun Samuel Oyebode]

Hello everyone, I am new to Real estate investing and I am particularly interested in student housing in Waco TX-due to the affordability (for me) of the prices of the properties in Waco. I have read about "Baylor Bubble." and am wondering what is the particular area it covers? Also, I will need some direction to this local market. Anyone with directions will be highly appreciated.

I am thinking of buying a 4-bedroom property that has some potential for student amenities. What should be concerned about?
What are some strategies I should consider?
Thanks in advance.