Without knowing the specifics of the Providence market, I would suggest researching the locations of other student housing providers (ex: https://the02908club.com/).

In most of those cases, their broker took a high fee and the investor didn't end up with a great deal.Here are a couple of things that are a tipoff you are not working with a broker with your interests at heart (1) they want to pull your credit before having a conversation, or (2) they send you a long list of things you need to provide them before learning about you and your deal.The conversation should start with why you are interested in REI, then understanding your strategy to get there.

I charge a completive market rate while providing a really good service. 

The PM should provide itemized items of what was done.

" These provide a ton of good insights. 

Also a good pm company will provide a P&L every month.

If multifamily properties in your area are priced well, it might be worth moving forward sooner rather than later.Risk Tolerance: Since you’re the sole provider, it’s crucial to ensure you have a solid emergency fund to cover unforeseen expenses, especially during vacancies or repairs.Long-Term Goals: Think about how this investment fits into your long-term financial goals.

Hey there.Wondering if anyone can provide some advice on what kind of indicators to look for on a neighborhood level.

Multi-family properties many times provide a better return per square foot than single family, which would be to your advantage as well.As long as you're mindful of the reinvestment requirements and purchase at least as much as you sold and use all of the proceeds, you shouldn't have any issues with this strategy.

While we've certainly goofed with some of our clients in the past, we try to prioritize providing clients with a great experience.