I first had the itch for real estate when I was 19 in my second year of university.

Home to the University of Kentucky and lots of growth in the past five years.

Thanks alot everyone for the warm welcome.

Further east Sacramento, Reno is not cheap either.Searching for options outside CA (via roofstock) Atlanta - Up & coming, tech presence & University Jacksonville/Orlando - good inflow of millennials, vacation crowd Dallas/San Antonio/Houston - up & coming, tech presence, but high property rates.I need inputs on few points.1.

Single dwelling with smaller floor plans are 650-700K in 2016Property under contract 620KCity of OrangeDirectly across local university Zoned: R16000 sq ft3bd/1ba - 1500 sq ft main dwelling$2700 rent for main dwellingmain dwelling needs 50k of rehab on its ownallowed up to a 640 sqft accessory unit with an attached garage that does not count against 640 sq ft.public access way available to accessory unit garage$1800 potential rent for accessory unitHave at it BP. 

She's a go getter and is always busy.Yes, you may mention my name.Good luck and warm regards...

@Daniel Mills My area is not as rural as you may think. there are two large universities nearby.

Is there a universal/rule of thumb to help estimate this?

Stockton University will be opening it's Atlantic City campus this year which consists of a Residence building on the beach block, Academic building across the street and a shared garage with South Jersey Gas.

The spike in property value traces to a real estate entity of supreme might and influence in these parts(Harvard University).if someone is willing to clear the foreclosure and do a JV on the upside that would be a good out come just have attorney put together a nice JV agreement and record it post sale.