Considering airbnb's downtown, long term rentals in up and coming areas near burns park, fixer uppers...pretty much anything except student housing - that feels hard!  

My rent for comparable apts prior to buying were about the same, sometimes more, than my current mortgage.There's actually many things stopping me from making extra payments, all related to student loans. 

A lot of people seized the opportunity with students because of the medical school but that area is now saturated with over priced student dwellings.There is still a market for STR geared towards tourists but the competition has increased on the tiny island. 

Hello,My buddy and I are considering purchasing a house with the intention of renting it to SUNY Cortland students.

And I had stopped working on those about a year ago when I made the transition over to Full View.I/we have no mortgages, no car loans, no student loans, and a credit card we pay off monthly.I'm just looking to figure out how big of an issue it is that I am not keeping a monthly personal financial statement should I seek a loan?

For example:Tenant Demographics: If your target market includes younger professionals or students, they may be more forgiving of the lack of central AC if the rent is priced accordingly.

Also, one of the homes can be raised from $1,850 to $2,300 when new owner takes possession. 3 Family House6750003 3 Bedroom ApartmentsApartment 12,205.00$Apartment 2 HUD2,300.00$Apartment 3 HUD1,850.00$Total Rent Expected6,355.00$76,260.00$ExpensesSchool Tax 23-243,460.68$Town and County 20242,222.30$Insurance3,035.51$Lawn & Plow2,400.00$Repairs and Maintenance Furnaces1,231.20$Total known expenses12,349.69$NOI63,910.31$Cap Rate9.47%

A combination of lack of infrastructure partnered with historic highs in population growth specifically in new international students pouring into the area to attend Cape Breton University, has presented less then a 1% vacancy rate on the island. 

Possession: The buyer typically takes possession of the property immediately upon signing the contract.

Elizabeth, I've kicked around the idea of student housing in locations near where my sons are currently going to school.