I ran the numbers on my own calculator, and returns are slim unless you are doing all of the tenant placement and mgmt yourself. 

The chance of any new students of the same mentor cutting me out of any specific deal are super super slim, and even if they did cut me out of 1 deal, there's an even lower chance they would end up competing directly with me for the exact same next deal, unless they were local to me.If they were local to me, that would be an opportunity to ally with them in some way.

Seems like your potential profit is too slim to take on this job.

When buying single assets I pay a relatively premium price and the pickings are slim, when buying larger pools we will be able to get better pricing and selection. 

Pretty slim but for $0 down the return is great.  

You can try to get a judgment in court if they file an answer but likely collecting on it is slim to none. 

@Raghav Haran It's slim pickins around NC State's campus on multifamily but you can get a 4BR 4BA, 1300 sq ft condo unit starting around $115,000.

It seems the pickings are pretty slim in this area from those options.

I am in a very tough buyers market with slim margins and you can't spend a penny more than you have to on renovating.  

Chance of me selling to another fha buyer is slim.