I relate pretty well to college-age students being in my mid-20’s so college towns certainly are attractive.

Unfortunately, jurisdictions seem to be applying it by the age of the unit and not by when the unit becomes a MF.  

Properties that are easily accessible tend to be more attractive to renters and buyers, which can result in higher property values and rental income.Demographic TrendsThe demographic trends of a particular location, such as population growth and age distribution, can impact the demand for housing and rental properties.

Mica - This is an age old question and one that you'll have to weigh the pros and cons yourself.

Gen Z may be leading a revival in the trades. 1) In an aging population, the median age of electricians, mechanics, and plumbers is falling. 2) Vocational school enrollment is growing faster than at 4-year colleges.More young folks are considering the trades as a career.

I know I have more knowledge in real estate than you just by the basic difference in our ages. 

I am thoroughly impressed with the knowledge bank here at BP... very enlightening and always timely... despite the original post age :)

@Ruchit Patel...depending on ages of the people in your family, the reverse mortgage is usually a tool to help with this type of situation. 

Some states are more stringent.

Just found this thread... considering Huntsville has now outgrown Birmingham in less than 5-10 years and is continuing to grow, I'd say this aged quite well!