But as the demographic being targeted is student population I think that risk is mitigated.

Demographics and the tenant base put things in your favor.In D areas tenants are conditioned to live a certain way.

Multifamily of 100+ units would typically create 44%-50% expense to rent ratio here in Florida depending on  where/age/tenant demographic.

I have only as recently as last year began to familarize myself with both tsx deed and tax deed.There is a lot to learn from what time frame on tax liens to what specific property types, personal tax consequences, etc.I've study up on demographics  listing inventory, unemployment rates and so much more.It never ending.

They are the largest demographic segment we have (about a quarter of the population) and they are new to the real estate market, but their are tired of paying rent (the oldest millennials are now 38) and make 40% of our buyers.

Conduct thorough research on the local rental markets to gain insights into the demand for rental properties, prevailing rental rates, and the demographics of potential tenants.

For example, there's a big change coming up that impacts a lot of the direct targeting for RE, such as age demographics) so you definitely need to keep on top of your ads and strategy. 

Lived in SF until earlier this year and bought my first property OOS in Colorado (where I now live) two years ago.It forced me to build out relationships as I couldn't possibly fix problems/manage renters remotely, in particular as I do short term rentals on that property.I'd recommend using Zillow data to find markets with high cash flow potential that have demographic trends of young people moving in.

Lower entry point for property values, and then if you can secure a location that is close to both Hilton Head & Savannah you can hit a larger demographic of renter and cater to both these working markets.

Just in the past week several duplexes have come on the market in my target demographic area for $100,000 more than I paid for a 5 unit September 1, and for the same price I paid for a value-add 8 unit April 20th.