You will run into trouble if you slack with cost or schedule control, and I have paid my tuition in the school of the hard knocks myself.A project of that scope, in my opinion, would be a "barely worth looking at" project from my perspective having done 25 renovations, 17 of them total guts, 11 of them over 100k each.It is a personal opinion, and it is not because the money isn't to be made there.

Here is just one developer at the helm http://matthewsllc.com/ .The City of Mishawaka which in my opinion is joined to the City of South Bend at the hip has the second largest retail corridor in the entire State of Indiana and a highly desirable school district.

Of course an upstairs will be warmer than a downstairs; heat RISES (these morons must have slept through basic science in high school). 

I just moved to the area for school and I'm looking for my next investments in A2, Ypsi, or maybe Detroit.  

I fault parents and school councelors for not being able to give the children real Life Path Guidance because they do not know, themselves!

the biggest issues are that the available tenant base drops dramatically around October and doesn't pick up again till the end of the school year.People are no different than animals in that regard.They want to be settled and hunkered down in a property before the school year and/or bad weather starts.Quality tenants with good financial backgrounds don't want to move their families in the middle of an icy,snowy winter for obvious reasons,and good college students have already started school in August.Many of the few available tenants will have questionable backgrounds like recent job loss,previous eviction,bad credit,difficult income verification and don't make 3 times the rent,criminal records,etc.   

Public speaking or communication is more my strong suit.With Rocket Mortgage catering to millennials I'm concerned getting and keeping a MLO license may cost more and yield less.I have a school lined up for either career path.

That's a way, you will stub your toe a ton and guarantee to learn (but who are you learning from, school of hard knocks?) 

My usual approach is to find 3/1 or 3/2 single family houses in a good school district, but my budget will be rather low for this move since my family is staying in OH and we'll be running two households. 

Many of my tenants jobs are in local government and schools so those jobs are going nowhere irregardless of the economy.