I think it's good to include that "conservative" CapEx reduction, since your property will undergo more wear-and-tear due to tenant turnover and since you will likely have 2-4 young adults occupying your property, assuming you plan on targeting undergraduate students.  

.$35 in cash per adult before back ground check is done any one 18 or above needs a check done .Do not try to save money by some on line company use locale do your home work .

I charge $45 per adult and have been using NTN for several years.That combined with the good advice in Mike Butlers "Landlording on Autopilot" has saved a ton of headaches.One thing I try to do with each applicant is go to their current home and pick up the application.  

My work ethic is relentless as I spent the early part of my adult life in the Army.

Both adults have credit scores above 670.

I just don't see why two competent adults cannot enter into an agreement for any otherwise legal activity without being subject to huge fines.

And you can't trust the applicant to know the rules (had one today want a 3bdrm for 7 people - S8 won't approve them except for a 4Bdrm, max 2 per room, plus children can't share with adults unless under 2, etc).

Diane A group of us went out the other night to an adult establishment for a friend leaving the country and a woman approached me and offered her services to me for $300. my wife asked what the price was if i only needed 2 minutes of her time!

Or how about 4 adults saying they want to share the bedroom.I guess my question is can I discriminate against children or number of residence if the building is unfit for families.

Adult cruises sprinkled in.