Sorry fellows, I suppose my post was kind of vague for the advice I was asking for. The property is located in dayton, ohio.
I had planned on renting the entire house out currently, its about 3 hours from my current home, and thankfully only about 4-5 hours from the school I will be attending. As far as the numbers, I'm not entirely sure what they are the average rent in dayton is anywhere from 500-600, somewhere in that area.
The house was foreclosed on, but from what I have been told it has no liens, I'm pretty sure that would mean the title is clear, but I'm not sure.
I have visted the house and it has a newer furance, electrical box, water heater, the only thing I am concered about is the roof, and the fact it only has one bathroom that is only a couple of square feet of being a half bath.
Also, I was planning on buying the house for the sole purpose of renting it out, I will either be living on campus, or possibly living with my girlfriend.
Edit: If you know the area around Dayton, mike I'm sure you know how it kind of has an outstanding crime rate. I was woundering what you might think about me offering ADT security free of charge to my tenants, that way I might be able to get a tenant in faster and feel safer in their own home. I'm not sure how much of an effect this has on the bottom line.
