I've rented to close to 1,000 students since I started at the age of 25 and wanted to offer some insight.

You just want an overview of the age of the units and upkeep.

However, the percentage varies based on factors like location, property age, condition, and expenses such as taxes, insurance, and interest rates.

Their concept is not new and has been around for ages with people renting rooms in college towns and more expensive markets (NYC, LA) however this is a centralized more hands off management approach to self managing by letting them do all the heavy lifting for you which allows you to scale in less time so yes the concept definitely works and even better with their technology behind it.

Depending on the exact location, age, roof construction type, etc, there definitely could be a few things to watch out forAssuming the roof is of a reasonable age, it's still more than possible to cash flow with these properties, even after accounting for recent increases in insurance rates that we've seen.

Find out the median income of the neighborhood not the cityThe age is why you need to offer what you're offering 

Quote from @Sahara Faughn: I am currently in Preforeclosure with a scheduled auction on August 20th, and I am under a special forebearance due to medical issues and having 2 small children under the age of 7.

There's well over a 1 Million bed shortage right now, and due to the aging 77 Million boomers, the demand for assisted living will continue to outpace supply by over 3.5X.

There are a lot of details that would be good to know such as size of multi, age, number of units, etc. 

The experience led me to study law/court procedures, and understand what lawyers actually do.