Erie, PA market info

[Ismael Souley]

Hello BP Community. 

I am a newbie (from Colorado) with a high interest on the Erie real estate market. My interest is to buy and hold, in college towns. With all the colleges and Universities present, and the current market rate, Erie looks like a sweet spot to invest in. 

Looking at Zillow, there is a lot of foreclosure and "not in good shape" properties near Gannon University compared to the area near Penn State. The market near Penn State seems more expensive as well. I would like to know from the locals, or out of state investors familiar with Erie: 

1) What type of neighborhood is Gannon/Mercyhurst Universities in?

2) What are some good neighborhoods (class B) near colleges/universities worth looking into?

I would appreciate any feedbacks and also, any existing investors' experience with college tenants in this area.

Thank you