Remain responsible for rent, utilities, and other terms until a replacement tenant takes over.#2 can be a bad option in the middle of winter when renters are harder to find.

Rent out part of the space at least to help pay for mortgage and utilities.  

From time to time I will hear of people who utilize it well and gain business from it. 

-your first few years after a purchase are typically a stabilization period, and you IN-vesting your money into the property. think about how long it will take to recoup all the costs i just mentioned.

South of Edgley and north of Cecil BThats where the students typically are looking as outside of that radius is rough. 

Here's some other copy & paste advice you might find useful:---------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Quote from @Jake Hughes: How long do your renovations typically take when hiring a gc?

I see a lot of posts for furnished monthly stays where owners are fretting over utilities and how to ensure a tenant doesn't abuse their being provided.

Typically, DSCR rates are about 1% higher than conventional loans—not the 2-3% range you mentioned.

Yes, if anything its easier since no residential restrictions. savvy participants.Harder because you have to know how to present a property, typically have to spend on chase costs prior to assigning.