It depends on the tenants, but I've chatted with some landlords who have had to do extensive repairs when tenants move out...just another thought to consider when looking at student housing.

NOI, and by extension the cap rate allows people to compare 2 different assets.The amount of leverage an investor uses, and the rate at which he borrows, and the length of time they have to pay back that debt are completely independent factors from the asset.

Having read extensively on the subject and listened to numerous podcasts, I'm excited to get started.

This is a father-son duo with extensive experience in Charlotte real estate.

Tying up a desperate and in arrears homeowner with a purchase contract you can not perform on and in which a sale will happen ONLY if you are successful flipping the property for a higher price can cause extensive damage to the homeowners finances, credit and personal life.  

Lots of great answers on here - especially going to DSCR - one thing I wanted to add is as part of your hard money loan, see if they have option for 3 or 6 month extension.

Hoping to get into a small multifamily property (duplex, triplex, or fourplex) that may require some work but not too extensive.

Would generally love to connect with anyone who has experience in the rent by the room model as this is my first time using this strategy.Thanks in advance :) I have extensive experience in CH and all of Cleveland, HOWEVER I would never rent room by room.

INCORRECT, tenants pay all, UNLESS it's a MF, then owner pays, I have extensive experience there happy to help you will any questions you may have 

Lenders want to get as much information as possible to feel comfortable with an extension.