Would you buy it?? College Rental

[Jenny Gremillion]

I'm from a small town in TN with an active college in the town. We live in Louisiana and have started investing (SF rentals) here but cash flow is tight. It’s a seller’s market where we are. We’ve gained Some great appreciation through the BRRRR strategy! We’re now looking for some good cash flow. I think we’ve found it. Wondering what your thoughts are. Duplex with Unit A renting for $650 3/2 and is currently rented Long term by a gov agency. Unit 2 rents for $900 and is rented through Aug 2018 by college students. Rents well per property Mgmt company. Walking distance to school. Property is listed for $110k. If we can get it for $100k and put $5k into renovating 2 bathrooms, total monthly costs would be $1100 for everything. Including saving for maintenance and Cap Ex. This leaves $$450 in CF. I think this looks great. But the thing is that if we ever wanted to sell down the road- to 1031 or something- it would be tough to sell. Even though cash flow is great- appreciation is bad and things take a year or longer to sell. What are your thoughts? TIA!!