I will point out that on a small build it may not be worth that money because the "test" they do is not a soil sample or boring of the land, it is a research into the property to determine if a laundry facility or auto body shop or some contaminate / polluting type of business or entity was once on that lot a long time ago.

And is there a way to look into these deals because as I scan them in my local area, it seems that mortgage isn't less or is almost equal to the rent that I could charge.

If you work with an advisor that uses their institutional platform you will potentially gain access to more ETF funds and differing allocation %'s.  Can

@Jimmy S. Can

Maybe @Serge S. can chime in here.

Don't just put a body in there to put a body in there, you wont have the time, energy or money to evict at this point.Take cost to remodel plus cash flow to the bank with your asking price, if you can get a pre approval to buy the property than present your offer with what is needed to spend on property.It took me a year to get the bank to take my offer, once a month I would stop by just to say high, they had other offers, but then they would go to the building find out what a disaster it was and either walk or change the offer, the bank always said no, why you ask, because not one of the offers came with a pre approval, unbelievable, cash talk BS walks.The Bank I received the loan from looked at the remodeling numbers than market value after completion, I took the banker on a tour of said property showed the my written plan and bingo, he says this is a great deal.

I almost had a very nice deal but once i got to scan the house for myself the owner lied about A LOT of the repairs so i backed out, I still have that fear of being on the phone too ( i know confidence will come in practice!) 

I know which are good/ bad from a renter's perspective and would be interested to know which are friendly to investors.Also, the school's student body grows larger each year. 2 year lag between incoming class and when they move off campus.

It would be good for you to start scanning the market so when you are ready to pull the trigger you already have knowledge of the local multi market.

Maybe scan it and post it here so we can help.