Invested in Multi. or SFH in the Ypsilanti Michigan area...

[Michael Ventura]

Hello BP family,

I'm looking into investing in multi family and SFH's in the Ypsilanti area of Michigan. My thought is to get renters from the University's that are close by, (Eastern Michigan University) and (University of Michigan).

There is opportunity in the area, although I'm not sure if I want 'young' renters living in my investment property.  Possible issues I'm considering are structure damage, on time rent payments, transient community.  

Has anyone purchased in the area and if so what is/was your experience?  Is investing in a collage town a good idea at all? 

Thanks for your support and any advice or information is very welcome! Michael V

[Stewart Beal]

Michael I own and manage about 100 properties in Ypsilanti and Ypsilanti Township.  I think the area is an excellent idea because of the proximity to University of Michigan and Eastern Michigan University.  The area constantly draws students and young professionals which keeps upward pressure on rents and keeps occupancy high.