Deal Idea- Newburgh, NY

[Tommy Nastasi]

Good Morning, I just wanted to throw this out there and get some opinions. SO...a friend of mine owns a condo in Newburgh, close to Mt St Mary College. He wants to move out and offered to sell me the condo so I could rent it out, possibly to college students. It's a 2 Bedroom condo, brand new built in 2017. If I can get the unit for fair market value, let's say around 100k, I'm thinking I can rent it to college students by the semester per room. I worked with an investor in the past who has this same business model, but in upstate Oneonta area, but with house. Could this work in Newburgh?