Thank you all for the warm welcome!

Those who can, do" Look at the teachers in a university.

It is pretty easy for most kids with a 3.5 or better GPA to get scholarships, too, if they are willing to go to universities that are not flagships.

I own 3 houses on the east side, a couple by Toledo hospital, a few in the North end, one student rental by thee University and a few in the Washington Local school district area.

The reality is that buyers don't have enough move-in ready homes from which to choose.Again, thanks so much for the warm welcome from everyone!

We are near a University and the rental market is always busy.

Being so new I would the more experienced opinion of the wiser BiggerPockets community.Here is my dilemma:I live in Northern California where house prices have hardly dropped and my community has currently 1 house below the $400,000 price.We are near a University and the rental market is always busy.I'm currently looking at two houses.A Duplex that rents for a total 1700 / monthA Fourplex with rents that total 3950 /monthThe duplex, I'm thinking of offering 215k bank wants minimum 235kFourplex I was thinking of offering 400k Banks wants 465kAt these prices my calculations don't seem to cover the 50% rule.I'm doing FHA or Conventional with only %5 down.Doing my calculations, at the prices they are asking I don't even get a Cap Rate of 6% or the 1% rule.What do you guys think?

Thanks everyone for your warm welcome and starting tips!

Find a local Investor and Flip for $3000 Fee -- Depends how close to University of hospital --if you can rent each unit for $500 per month --do the numbers -- I am surprised no one bought yet -- so cheap - check repairs estimates -- make it livable -- depending on the age --check to meet building code requirements -- if its already foreclosed --and no one bought --make offer for $50,000 Need to have your Buyer's List first --OR move to Atlanta --plenty of buyers here.

Thank you the warm welcome.