Buying condos in a colleg town. Pitfalls? good idea?

[Kelly P.]

My son is going to the University of Florida this fall. Although freshman must stay in a dorm their first year, I am looking at a 4/4 just on edge of campus so he has a place for soph-senior years,which will cash flow well. Anyone experienced in this scenario? What problems have you experienced? Tips?

Thank you.