I am sure it could work well in a student setting where everyone is attending a nearby university, but other than that, I don't think the juice is worth the squeeze.Hi @Richard Helppie-SchmiederDefinitely agree - doing your own property management and renting by the room isn't for the faint of heart.  

The whole process is not for the faint of heart, and you must have plenty of reserves just in case need to hold it for a while, have a lot a work to do, or be willing to move on it quickly for a loss. 

I also have a client who last year bought an MTR in the heart of Boulder, maybe a 5 minute walk to Pearl Street.

Moreover that he has a genuine heart to help people. 

Purchase price: $348,000.Cozy 1-BR condo with patio in the heart of Adams Morgan.

Let's bring back the lost development, events, and jobs to the heart of the Commonwealth.

Combine that with appreciation and it could be a viable option.I also know of two different multi family properties right near the heart of Kailua Kona that are on the market as well.

I only use Airdna to compare similar areas and wouldn't take these numbers to heart. 

Having a compassionate heart is understandable but not whe it can lead to more trouble on your end!

Think with your calculator, not with your heart!