Anyone Experienced With Student Housing?

[Natalia Benshaw]

I am about to put a student housing project under contract and I have a few questions! 1. I am running my BRRRR calculator and I feel like I should have a higher vacancy rate since it’s somewhat of a seasonal rental. Anyone else have any suggestions on what to place there? 2. I also feel as though my repairs should be higher since students might not be so easy on the units. What should I enter for that field? 3. Overall, is student housing a nightmare? Please share your experiences. Thank you in advance!