These "hipsters" are young college grads who will live in areas that are (A) relatively inexpensive, (B) low or trending down in crime, (C) close to attractive civic amenities, and (D) are close enough to jobs. 

Shameless plug:You can hit those numbers all day here in Bryan / College Station TX.

@Amir KhanThat’s a good way to do it.I see far too many people (in my opinion) with little or no actual practical experience being a landlord much less owning an apartment building of any size trying to syndicate a 150 unit $20M deal.Why would any investors (outside close friends and family) invest their hard earned cash with someone who has little or no experience?

My initial focus was on flipping, holding, and selling residential single-family homes in college areas, which provided a solid foundation in the nuances of real estate.After completing my degrees in late 2018, I transitioned my portfolio to a trusted partner (with whom I still collaborate) and relocated to Columbus.

There's also growing regulation risk for the investor, thanks to the hospitality lobby convincing local Karens and pearl clutching city officials that short term rentals are nothing but drunk college kids and constant crime. 

I'm considering purchasing a multi-family property in Norman, Oklahoma City, primarily because of the nearby colleges and universities that provide rental opportunities.

However, the listing agreement for any property type would dictate if this practice is allowed or not.

And under that definition, because there was no minimum time in the CZO for how long someone needed to occupy a structure to be considered "living" there, the court used literal dictionary definitions (standard practice in NH as can be seen in the similar case Working Stiff Partners v City of Portsmouth) to determine what constituted "living as a household" as it concerns STRs.The court explicity rejected the idea that this ruling should have larger implications for STRs around the state, and it certainly did not at all in any way prevent municipalities from regulating STRs.

Was thinking of Stillwater, I like college towns for multi family units.

I have a few questions about how the Memphis Land Bank operates in practice.