only you can determine what the right investment is for you, but with rent at $1700, you'd likely be cash flow negative each month.

Just remember: most negative reviews are written by problematic tenants.

@Gavin Wynn Not trying to be negative just don't want you to get stuck in the rabbit hole like countless others and then take no action.  

I know some people who are doing AirBnbs to get better cash flow - it's negative cash on long term rentals unless you're doing 50% down or paying all cash but most people are looking at California more for appreciation.

Understand the concept of a motivated seller, and apply this insight to your interactions and content.When you do this, you won’t have to worry about finding cash buyers—they’ll find you.

Besides the prices for rentals on campus are so high, very difficult to find one without negative cashflow.

Unfortunately many lenders will see this as a red flag and may not take the risk to lend you the rest of the money even if you use stated income program or bank statement program but those are for self employed borrowers who have active income from their business but write off to many expenses that when filling their taxes their net income is really low or sometimes negative.

Typically in these situations the property also is less valuable as well which turns the second into negative equity and wiped out in foreclosure

China has the best economic growth of any major nation in the world over the last 30 yrs from 1994, but Shanghai Comp is actually negative in real terms over that time, while SP500 up 1136%, why?

It’s a negative, limiting stance, completely opposed to the spirit of real estate investing.