Took a funky 3 bedroom house that rented for $1,400/m and turned it into a 4 bedroom house that is typically rented to med students for $2800/month. 

I'm not really trying to hone in on one type of guest seeking MTRs, it is a decent location for travel nurses, med students, anyone looking for temp housing while relocating.

I feel this house is on the early end of revitalization.I also reached out to the hospital to try and connect with their travel nurse housing person, as well as a rural med school that sends med students to this hospital for their yearly rotations.

In 12209 you want to be on Delaware Ave or preferably west of it. 12208 is the area around Albany Med/Law schools which has a lot of good neighborhoods but prices are higher and cap rates are low.

I liked the area geographically and for other reasons but once I had confirmation he was renting to nurses, meds and eds, grad students, university and hospital employees with good rent numbers, I was all in.

I know that area is big for professionals and professional students such as med students.

I have a MTR in the Med Center area just outside of downtown and it's been great for 2 years now. 

(We knew the parents so my wife just about adopted these sheltered girls).The OTHER girl's BMW would not start & it was blocking her vehicle against the 2 car garage & she has to get to her Gross Anatomy final (Yep final year pre-med).The wife went over (2 miles away) opened the garage door (no-one ever parked in as they had already lost the remotes) and she was able to drive into the garage & back it out.Same girls called the wife @ 11pm for baking soda to make cookies.

This house is in a great rental area right across the street from a major med school, he’s had no problems renting it out in the past.

Also looking to hear from anybody who has thoughts on the rental market in close proximity to major universities - I recognize the challenge of college students and the sometimes problematic care and need for repairs (that is why I am hoping to target the graduate/PhD/Med student population who might be less-centered on partying and more centered on academics and being responsible...pipe dream?