Is Waco, TX a good place to buy a multi-family rental?

[Tress Pearce]

I am finally ready to purchase my first rental. I live in McKinney, but, real estate here is pretty high, so, I thought Waco might be a better place to find a rental at a reasonable price. I will be using a property manager, so, the distance from home is not a huge issue. Is it better to buy a house with students in mind, or not? What neighborhood would be best if it's not a student rental? Thank you!