The vacancy rate in San Diego is somewhere around 3%, the city is growing like crazy, there are already massive developments planned on the east end of east village which will just continue to expand east.

gotcha... although if you just hand in the keys your walking from your downpayment and whatever cash you have in it.your sense are correct all these folks singing on massive debt with 5 year calls are taking a certain amount of risk.. just need to look back to 08 09 when no one could refi and all these properties changed hands.. it was not because of poor operators basically it was frozen credit and banks not relenting or walls st.. hedgefund bought said notes from failed banks and refused to rewrite and took the assets.. since they paid pennies on the dollar for the paper.. foreclosing and reselling was still a better play for them.. 

Even if a conventional Fannie/freddie lender will not finance it, there are always portfolio lenders (who make their own decisions on a case-by-case basis), commercial loans (yes, they can be made on less than five units) and last but CERTAINLY not least, private individuals (a massively underutilized financing source, IMHO)I think your bigger issue might be insurance, rather than financing.  

I have 12 years of experience in student rentals and there should be a massive financial upside to consider that niche.

I don't think we're on the precipice of some massive crash.  

I will say that I have seen such a massive spike in the prices of homes over that way that it in such a short period of time rents have not been able to keep pace to provide great returns.The vast majority of all of the properties that I have been working on lately have been over in the NE along the 35 corridors.

These files are massive for videos.

She made her commission, we were stuck with the massive loss.  

@Michael Swan a lot of folks don't see the massive potential in going out of state so it's great to see what can be done!

If this is in OH, there are many companies who will insure a lower limit without you taking on massive risk.