I personally am in a college town and my target audience tends to be single travelers, and or couple(s) traveling to visit campus or visit their student at school.. so for me in my market the 1 bedroom / studio units are the best ROI in terms of occupancy and revenue per sqft, I believe. 3) I’d open up a convo with a few local hosts and see what their experiences have been and chat with them about their journey.

Go where your income to cost of living is the greatest ratio, hands down.A good portion of my borrowers buy out of state and use property management to deal with the properties.If your in college you've gotta increase your ACTIVE income, before you get passive income.

The location is prime—adjacent to a college that has experienced 37% population growth over the past five years.

Secondly I just finished "Real Estate by the Numbers" also by Dave Meyer - even though I have a business degree and am actively involved in investing it was a really great refresher on not just the numbers and theories involved in real estate decisions but also the pros and cons of different return metrics and how all the metrics relate to one another. 

I am 4.5 yrs out of college and work with a telecom real estate fund and have always wanted to invest in real estate on my own.

You should be looking for an area that you may want to invest in, live in, work in, and that supports your post-college life the way you want.

What year in college do most students at Rutgers start looking for housing (sophomore, junior, senior)? 

Arlington, Lubbock, Denton, College Station, Edinburg, Ft.

@Seth Mattox so we manage some that are over an hour away, so we have to do some of this stuff, but not to the same degree.

Not to mention my Japanese friends who are in college all have cheap apartments by the college because they don't want to wake up at 5 am for a 2-hour commute to school.