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Student Rental as a start?
Hey BP,
I am a new investor. My wife and I bought a property that we are going to suite in Calgary, Canada that we will be rental hacking.
I am actively looking for different investment opportunities, and I have come across a great opportunity for a 4plex with 19 bedrooms near a local college. It is going to be a good cash flow opportunity, and i have some potential of getting it for little to no money down.
Is it way too bold to go for a student rental property as my first deal? What are some of the positives and negatives to student rentals from your perspective? I understand turn around will be higher, possible damages etc. Who has done this, who loves it, and who absolutely hates it? Give me your why!