This is known as the self-sufficiency rule.

When you combine a growing population with no room for expansion we feel that appreciation and rent increases are almost inevitable.Job Quantity and QualityThe value of a property is no better than the jobs around it.

This is known as the self-sufficiency rule.

Verify that property passes the Self Sufficiency test *this is a rule for multi family properties purchased using FHA.

In the states where I work, square footage by an appraiser would not be a sufficient out of a contract.

If you will not - or cannot - bring capital into a deal, then you need to be able to provide sufficient value that others will ... and will allow you to invest it on their behalf.

@Wendy Lovejoy I had real estate agents that wanted me to spend all my cash on 1 house, refused to place low offers that produce sufficient cash flow, argued with me because I wanted to see multiple houses "the funnal" but not make an offers.

One of the things that I'm struggling with is getting a sense of the quantity of housing supply that's available in the area to students who live off campus.

@Lucero Sanchez You can take your plans to a lumber yard and they'll be able to do what they refer to as a "takeoff" to get the quantities of lumber you need to buy.  

The home can have up to THREE extra Units - but if it does have more than two, there will be a self-sufficiency test whereby your mortgage would need to be 100% covered within 75% of appraised rents from those other Units.