Furthermore, it has renters (I believe they are med students) with lease through the summer.

A little information about me is that I am a 4th yr med student, I paid my whole tuition on my own without any loans that is why there are so many discrepencies in my credit history and thus the low score.

After we fix up and raise rents to med/high end of market we'd profit about $420 at 6.25%. 

Any W-2 income/payments already have the SS/med taxes withheld, and matched by the employer, regardless of annual income.

I have a mortgage and med school loans so I saw this as an opportunity.

The part of Thirdward that's close to the med center had 500k plus homes and plenty of multi family.

People who get an MBA, law degree, go to med school, could make six figures but also often have six figure debt, and they have to work 70 hours a week to keep their job and pay off their debt and they can't escape.

A bunch of my rentals here in New York were geared towards university and med students when we first got started.  

There are meds for that but you need to challenge paradigms.

This may make the most sense if you have a parking lot at your multifamily complex.To be less theoretical, by catering to my niche med students, I've increase the rent on my 1 bd apt from $625 to $940/mo.