I'm thinking that since i'm geared towards renting to students, it shouldnt be a problem because there are universities nearby.

I've also come across a local mentor that does a lot of student rentals in this area that is willing to help me manage this property and get some experience.  

I was a student at the time and I was impressed by all the rentals available near UCSF, UOP, SF State, USF, et cetera. 

I don't have any experience with investing in student areas, but that would be another angle to check out.Do your homework and get realistic rental numbers before buying anything - that's true of anywhere, but I would think especially in Spokane because until recently, home ownership was so affordable, that renting wasn't a desirable option for most people (except students as I mentioned), leaving a potentially small tenant pool.

My debt right now is 37k in school loans, 293$ per month in car payment (I am pondering paying this off-total of 9k in final payments) as well as 50$ per month of recurring credit card debt.So I guess I'm just wondering if that is a good option or if it would be less messy to pay off the car and maybe either pay off half or more of the student debts.

Hey BP,Recently I posted a deal analysis on a student housing property for sale near my area.

Look for posts that have to do with collage rentals, specifically renting rooms to collage students for the concept.

Find them through Google and meetup.comYou might consider Niche or Specialized Housing like student housing.

You might consider Niche or Specialized Housing like student housing.

I would suggest looking into low cost places in student cities in the south or invest abroad.