Be careful here because you will find the value for multifamily near universities to be very elevated for the reasons given above.Although I haven't heard any case studies yet, you can assume, always check with an attorney before assuming, that if the community is marketed to only students, and at least 80% of the units are students, then this would fall under the same exemption of fair housing as elderly tenants, and the over 55 rule exemption.

Wow, I feel like a first year university student that walked into an upper level course. 

My concern is that I have several 6 bedroom group homes I rent to University students.

Some more about me; I was born and raised in Houston, Texas and have spent the last 4 years stationed in Virginia and will be moving to Michigan most likely to attend Michigan State University.

I do believe that the property can support rent increase because it's within one mile of a university.

Anyone targeting the areas around VCU or University of Richmond?

In addition, I'm a student at American University studying entrepreneurship.

Just go to a good university for your MBA in Finance! 

My name is Kyle Buchbach and I am a recent graduate from the University of Illinois.

Additionally, my business partner is an active member of the BP community.I earned my BBA and master's from University of Miami in 2008.