to my knowledge there are few if any  EAST COAST row houses in Indy.. its a very big spread out land massI think its far more simple.. they just bought at a price point to be able to back into that 50k end product.so they needed to buy the inventory at 5 to 15k as is.. that's the hood the ghetto whatever you want to call it. it was all driven by price point.. and Morris's characterization that D Class renters are easier to manage than A class because they are just happy to have a home..

Making a gross characterization. 

The real estate market can be characterized by 4 phases.

How would you characterize the neighborhood Tyler's property is in?  

Really appreciate all of the insight and information.It's obvious from your post that student housing is an extremely high-touch business, but one that you have mastered - timing in marketing, expectation setting with kids, quarterly check-ins, the list goes on.So my question is, as an out of state investor considering investing in the same type of space, how would you characterize other property management companies ability to successfully run a business like this? 

I wouldn't characterize it as bad vibes, just weird, numinous feelings, like you can feel the history there.

In the end, it's however your personal bias will allow you to view and characterize the events of the past. 

It all comes down to how its characterized on the tax return and 1065 

Each have different ROIs and characterizations on "good" investing. 

Thanks for tagging me Joe.. if we are talking about Jackson MS  I owned about 200 section 8 houses there and agree with @James Wise no way no how is the characterizations in this post from the OP correct its the complete opposite thats why I own zero homes in jackson and would never very do section 8 or any rental for that matter there..