Im not a college rental investor, but if it were up to me I would target an area that is safe, clean, high traffic, and a large university. 

I personally say yes, as you can target direct bookings much easier.

At my company, Showplace, we've identified several key strategies that significantly impact vacation rental success after setting up over 800 homes in the last 3 years:Thoughtful Design and Amenities: Creating a unique and inviting atmosphere tailored to your target audience can make a significant difference.

I think your biggest barrier is finding an asset that will meet DSCR requirements in your target location without having 40-50% down.

It should cut down on costs and complaints.If the tenant demands upgrades you can't do, I'd give him whatever notice is applicable in the jurisdiction to tell him to go pound sand and find another place to live.

The primary reason a lot of people move on to bigger deals (80 units plus), is that it's possible to own larger properties in markets that make economic sense but may be far from where you live. 80 Units seems to be the target so you can hire your own full-time property manager and maintenance person, versus relying on local property managers to manage smaller multi-family properties on your behalf.

It depends on targeting the right demand.Owning offers appreciation, but arbitrage provides flexibility without long-term market exposure, which some investors prefer.

We enhanced the property's value by investing $6,000 in targeted renovations, including necessary repairs and updates.

How they target the people.

For the 10 year period spanning August 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9.5%.With inflation nearing its 2% target and signs of a slowing labor market, The Federal Reserve is predicted to cut rates as many as three times before the end of 2024 (see here).