Investing in college towns: Ellensburg Washington

[Aaron Gowin]

My wife and I are prepping our home for sale and are looking to move the capital from the sale into some rental investments. We live near Seattle where we are having trouble finding properties with numbers we like. We have started looking farther out of the area we live in for other investment opportunities. 

Does anyone have any experience or advice in regards to investment properties in college towns like Ellensburg Washington, zip code 98926? They are a college town with not many other towns around them. They have a population of about 18,000 persons. We see some properties with numbers that seem to be promising, but renting to students and having to do shorter term leases seems like it might not lead to the greatest self sustaining business. Any thoughts?