Atlanta, Georgia Student Housing Rental - FIRST INVESTMENT, Tips?

[Alexander T Nguyen]

First off, thanks for clicking on this post and expressing your interest! Before I word vomit with details, numbers, etc. I just wanted to give you some background information on what's happening. 

My family is moving down to Atlanta, Georgia soon (perhaps 2-3 months) and my father decided to buy a 4plex to earn some cash flow. This 4plex is 0.7 mi from Mercer University so I had the genius idea of trying to try my hand at student rentals. Please bear in my mind that my family nor I have any experience in housing rentals. I've been listening to BiggerPocket Podcast for over a year now, off and on and also been reading some real estate books from time to time. So we are no way experience at all.

Here is the info:

- 3 UNITS - 2BD/1BA - 1 UNIT - 1BD/1BA

- GYM ON PROPERTY UNDER UNIT 1

- SECURITY SYSTEM IN EACH UNIT WITH 3 OUTDOOR CAMERAS

- POOL WITH LARGE PARTY DECK

- STONE FIRE PIT

- SOLID SURFACE COUNTERTOPS

- ENGINEERED WOOD FLOORS

- STAINLESS STEEL APPLIANCE PACKAGE

-Potential Rent Calculated to be: $1,800, $2,700, and $2,800.

As a noobie investor looking to get experience, I thought I would help my father move down and help run the property, find tenants, market, manage, etc. until I can systemize it and move back to Boston, MA (where we are currently located). I was wondering if anyone has any good books they recommend on the basics of student housing or any tips and tricks on how to handle the important or not important things. Anything will help!

I'm currently 23 years old and would love to do real estate full time and this seems to be the best opportunity to get my hands dirty. If anyone is in the area currently, Boston, MA I would love to take you out to lunch/dinner (on me of course) and learn more. Let me know if you need any other info and I can provide it.

Best,

Alex