Renting out to college students

[Newell Zelarayan]

Hi,

I'm trying to branch into real estate investing like many other people here. I was looking into a property in Albany, NY that has apparently housed college students from near by colleges for some time now. The property seems like something I might be able to afford and based on quick analysis (few rental property/ investing calculators) it looks like potential good positive cash flow property. Might need a bit of rehab but not much. I was wondering if anyone has rented out to college students. Pros? Cons? Should I steer elsewhere? Are college students no good for someone who is just starting out? Any advise would be well appreciated. 

Thanks!

[Jonn Vidal]

while was in grad school learned renting out spare room(s) to other students was the only option, cuz renting to general public generally brought lots of noise, partying, crying kids, family visiting for weeks months on end, parking crowding, etc.

whereas college/grad kids usually come with a guarantee from parent(s) or even scholarship stipend plus do have to study alot depending on the major. even if ur not living in the building generally students studying for exams is great energy whereas couples fighting with babies in the background is the opposite and affected my studies and my sleep!