Investing in college town

[Stephen M.]

I have always been interested, but obviously there are risks with the types of renters, turnover etc. My issue is managing it. I am in Chicago so it's not realistic for me to manage a property.  Does anyone have a rough idea of what property managers will charge in some college towns?  I know it can vary greatly, but I just have no idea if it is typically more or less than being in a big city.  Thanks. 

-Steve