Curious if either of you ended up pursuing student rentals in Windsor? 

So I bought a cheap single-family rental in a C location.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

What if she lies and claims to have owned a home, or uses a friend's address instead of the rental address?"

Is it smart to just sell, pull equity to put towards the new house or use the potential rent to put towards the new home payments once the rental overhead is taken care of?

Consider starting small with house hacking a duplex or triplex, and use tools like the BiggerPockets Rental Property Calculator to analyze deals.Good luck!

Looking at this property as a long term rental strategy.

Currently my husband are out of state investors with 3 single family rentals in KC. 

Below is some copy & paste info about our methodology:----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

My concern with declining values, increased inventory and a weaker economy would lower rental income and could potentially put me into a negative cash flow situation.