Yeah, I remember when I was looking there for a property for my family, this was 2012, maybe it is different now ... anyhow, I remember distinctly it was an old historic home ... ironically it just sold again (zillow 324 W 10th st) ... the property was beat up but beautiful, which pretty much matched the description of most of the block.

While you have a segment of the student population who can afford it, it's a smaller demographic.

The slowdown in drilling activity dominoed into layoffs in many segments of the US oil industry.

Consequently, you hurt your lead generation and a segment of your rental populous for zero upside.

Each tenant segment has different behavioral characteristics.

There is a reason he will only tell you the general market segments he is in and not the specific funds, the advice is supposed to be shrouded in enough mystery that you don't feel confident doing it on your own. 

Tenants who don’t pay their rent still regard, as does a whole segment of society, landlords as greedy evil for evicting the non paying tenants.  

Not only is it free but the information in each segment is so valuable.

Is it a moving target defined by the mood of a segment of society at a given time, or is there something more fundamental and unchanging that we should measure it by?   

So 2-3 single families isn't too big of a value but if you were adding a 50 unit I would have some concerns about not having the assets a little more segmented.