Then they have a strike system for noise complaints and what not.

I'm sorry you lost out on the deal man, but do admire that you're still grinding.

My only caution on this would be that most college kids are not going to be very respectful with regards to noise.

The first being that as soon as I start renovating this guy is going to complain about noise all of the time.

Due to this change in retail we have seen large stores begin to close...I think first you want to get the facts to help filter through media noise and panic in the market.

Here's the one I really must insist upon because of one prior guest that almost ruined for everyone: Any noise complaints from my neighbors will incur a $150 fine to my guests.  

I know that it requires a lot of hustle and grinding.

The key is establishing and maintaining open and honest communication, being polite and respectful, having a strong rental agreement in place and having the moxie to enforce it in a professional manner.From our rental criteria:RESIDENCE/RENTAL HISTORY1.We will examine the most recent five years of residence history.2.Home ownership will be verified through the tax assessors office and/or credit report.3.Rental history will be verified through the property owner and/or rental agent. 4.Rental history reflecting any unpaid past due rent, damages or fees will result in denial.5.Rental history showing excessive property damage, excessive noise, or unruly behavior will result in denial.6.Three or more notices for failure to pay rent and/or to comply with the terms of the rental agreement, within a 12 month period, will result in denial.7.A person with an eviction or unlawful detainer on their record may be approved if full restitution has been made.

Noise and parking complaints increase dramatically.

I respect them for grinding it out to make it happen and learning in the process.