College Rental Question

[Curtis Steineke]

What are your thoughts on investment properties that are one block from a good sized college? Will the turnover make the financials unreasonable? I can cash flow about $150 a month after mortgage, insurance , property manager and maintenance set aside- I used a couple of different spreadsheets to analyze the numbers. Should I be concerned with the wear and tear of college kids? It wouldn't take a lot to eat through my cash flow. I am ready to put an offer in on Monday if I can make up my mind, just looking for some feedback from others who have rented near a college. Thanks.