Great idea...you know that you are not the first to think about it"...it can be a difficult niche to get into since there are usually many established investors there...that said...I just closed on my first student housing so with enough persistence it is possible for sure.Way I went about finding my market was to make a list of all colleges 2-3 hrs from where I am and focus on those with the highest number of students...Wikipedia have those statistics for every state...then you start eliminating them until you find the one you are most comfortable with.One big thing to watch out for is that some colleges are entering into the student housing business and since they can force their undergrad to live on campus they can eliminate large part of the market if not all of it over time...That is probably less of a concern with larger universities.Good luck!

If not then you doing it would be better because then you have control of the whole thing and can be treated like one of your other real estate investments.I am thinking of doing the same thing for my kids who are undergrads out of California in markets where house prices are low. 

SHORT VERSION:I have saved $30,000 during my undergrad, but I will have to go into debt for my graduate degree in Physician Assistant studies, which will amount to about $145,000 for the program alone.

Using the H-1 work visa, got a full-time job IN a field related to my majors (Quant Econs/Finance undergrad, Masters in Finance grad.

I did my masters immediately after undergrad because it was inexpensive.

However now that it has been accepted, I've been feeling a little extra paranoid about making any assumptions, as I went to BYU for part of my undergrad and have now been remembering how strict Provo City was with parking enforcement when it came to parking on Provo streets.

If you soak up this stuff now, you’ll be way ahead of your peers by the time you graduate with your undergrad.

However, I am questioning if an undergrad degree would be worth the student loan debt while I am also in pursuit of acquiring investment properties. 

If you buy a house, please know that you'll have couch surfing in the undergrad community and your property will take a beating. 

When I was in undergrad, I rented a house that was partitioned into 3 units.