If you buy SF there are laws in place that make it extremely difficult to rent to students.

I hope to buy a multifamily unit and rent it out to college students like myself.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookYou might consider Niche or Specialized Housing like student housing.

I once overhead my former wife, a former kindergarten school teacher, give solid advice to an adult friend who was in fear of financial loss: "Honey, they can take stuff away from you, but they can't eat you."

The MFH market can be quite competitive out that way with the high demand from housing brought on by students.

Most that go to pharmacy school already have a bachelors, and it’s a more mature demographic than your average college student, as it is a doctoral level degree.

I've identified a potential growth area that is in a rural situation with potential growth with highly educated students and staff. 

and just wants to get rid of it.I have college students fighting over the house I am working on now and could put 3 of them in this house probably on a 2 year lease with 2400 security deposit.Possible deal structure; $5,000 downpayment on lease option for a purchase at 90k in 5 years.

Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.You might consider Niche or Specialized Housing like student housing.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing.