Student Rentals - Cortland NY

[Joe Scheffold]

Hello,

My buddy and I are considering purchasing a house with the intention of renting it to SUNY Cortland students. Fully rented, it would cash flow very well. It is a triplex so I don't anticipate it being a massive frat party type of issue. One of our immediate concerns is the school year is just starting now. I am just looking for others who may have experience with this type of investing and if in your opinion is it worth potentially floating the house for almost a year until next school year? I know month to month leases could be an option for the time being as well.