The Dallas one was 13 miles away from SMU in a submarket that will likely not draw one student, one faculty member, or even one employee from SMU. 

Interest rate are a factor and your debt of 55K and any other debt such as Cars, student loans....  

I've always compared rent-by-room to student housing.

I have $30 k in savings, no auto or student loans and excellent credit.

Everyone from tech workers to high school students.

I have over $2M in personal debt but nothing in student debt.

A student and investor.

With proximity to a hospital and a university, there's potential to attract both traveling professionals (for MTR) and students or faculty for long-term leases.

I'm a college student, and I plan to start investing in multifamily homes once I graduate, and I recently started looking at deals on Zillow just so i can practice underwriting.

I am just struggling to figure out how I would afford the monthly interest expenses as construction on this type of project would take a ton of time and money.The building will be luxury student apartments which on my rough calculations can have realistically 60-65 apartments or 180-195 beds.