what are the pros/cons of investing in University or college area

[Jacob Song]

Hi i am hoping to invest in my first investment property soon. From my state, only place that I think that would have high tenant rate would be near university of area because the in my state, since it is not one of the biggest cities with most diverse job industries, it seems to have more people(students) in the school area. When I did some research, $50,000 condos were renting out for $750 per month. , $79,000 were renting out for $950, and $150,000 condo for about $1500. So since the rent was 1% of the property, i thought it would be an okay deal. But I want to learn some of experiences investing in condos/apartments/house near university area. Were they pretty profitable? how was the ads usually advertised? what are the pros and cons?

Thanks

[Marcus Hendren]

Oh, and grad students are the holy grail in student housing IMHO. All they want is a solid shelter and be left alone to finish their homework.