Comparable properties in the neighborhood are being torn down to erect bigger structures, but that's not my wheelhouse.

I would start getting quotes and compare the cost to what you could get for an increase in rent.Don't just assume because it is a college rental you have to have 2 baths for 3 bedrooms.

How does that compare to a subject-to deal?

Also, factor in that your turnover will be very high compared to most markets given the student population and low-income area.  

But, outside of having potentially lower closing costs, think about if it is worth it when compared to getting convention financing for 10 properties.

Now I’m using all the free sites due to RE agents don’t want to go through all the work for no reward for the sake of doing price analysis.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

If you can make it, the rewards are far greater when you hold onto it long-term.

Thats exactly how I remember the street I grew up on lol  A lot of variance but I think Trevor Baker has a chance for a great deal but should try to get as many comparables as possible first!  

Are they comparable?