Where to start?

[Stephanie Hairston]

I live in a small college town and I'm interested in buying an investment property. However, there are a lot of large apartment complexes that cater to the college students and I'm sure that the rental market is very competitive. So I wonder if it is better to try and buy a property near the college and try to rent to students or if it would be better to buy property further away from the school and rent to families? Also when I buy a property what is a good way to determine how much to charge for rent?