I believe AmGUARD is competitive in that market

Letters can work, but if you're in a competitive market you'll have to send out many thousands a month to get any kind of response.

Buying the property is only going to be a fraction of the total cost.

Make sure your 10 month lease rate is not your competitions 12 month rate.

There is a glut of student housing in the area, and I think competition is likely to drive prices down for anything that isn't new construction.

We are specifically interested in banks that will loan to LLCs at competitive rates for 30-year terms.

Don't use craigslist - it became irrelevant a couple years ago - it's full of spammers and scammers - Hotpads, Zillow, trulia Facebook marketplace and your friends network, apartments.com etc - those are places you'll have better luck - Also set up an AirBnB account - depending on where you live you could maybe have luck there - I have a different opinion than Colton about Wichita not having attractions - there's still plenty of conventions, business etc that brings people to town - your AirBnB rate will just have to be competitive if you are only renting out a "room" and not your entire house.  

What is nice is that you can borrower in the name of an LLC, with high leverage, and rates that are extremely competitive.

Competition is fierce and cash flow is low compared to the rest of the Midwest. 

Curious how this works in competitive and expensive markets, both of which I find myself in.