Purchase student housing

[Tawa W.]

I have been looking for investment opportunities and found a potential opportunity that looks good to me. Given that I am new to this space, I wanted to reach out the BP community and get some advice on it, especially questions and pitfalls.

The purchase price is ~300K + some renovation and advertised annual gross rent is ~90K and net is ~40K.

Some questions:

• Any major concerns or issues with renting to students? Mitigation techniques
• Similarly, is this more of a challenge than more conventional rentals. 
• Any problems with getting conventional funding? 
• Also, any additional due diligence that needs to be done for this type of rental
• Anything I am not asking 

Appreciate it any feedback.

Thanks,

Tawa