Welcome to the Bigger Pockets universe @Austin Pekarek !

I am an Econ major from the University of Dayton and a former Division 1 Baseball player. 

I am a university professor with a good income. 

I have been doing a lot of back of the envelope calculations using 1% of the financed amount vice 1% of purchase price and that seems to be the go no-go point for positive cash-flow for a lot of deals these days.From what I've seen, and my investigation is just in it's invancy, rental rates seem to drop off qucikly as you move away from the university (like outside 1 mile).

Universities are going to make money, your best bet is to play the game with them and sometimes you can't b/c they simply control the market too much.

I am now 29 years old and I just recently graduated from San Diego State University this last December.  

The room is closer to the campus and right in the university's commercial centre (so better location and maybe better condition).

Owner is asking $190k Cash only (currently occupied by owner)Rehab Budget is $75k. 45-60days to complete.Based on comps: $350k plus The property is couple of blocks away from Texas Southern University and University of Houston with over 70k students combined.Not in a flood zone.Pm me if interested

This being said I am still going to be going to college ( Virginia Tech, University of Virginia, or UNC) for business/Real Estate majors.

Lane, Here in Mobile, AL apartment living is popular being that we have several universities in town.