The interest rate will most likely be higher, the LTV will most likely be lower, and the accounting for the interest expense divided amoungst all the properties may be a CPA's headache, but better they need Advil than you.

This is up to 30% below the value of comparables in the area.

I mean my brother's house literally doubled in value within that period and for some reason my dad saw it coming and got some kind of deal from hud on a house way below market and built up from a single townhome to 5 townhouses all on rent right now, worth a bundle more then what he paid.

The agent prefers that if he wins, the bid it is below upset.Let me explain that last sentence.

The second part (TI) is calculated by taking the homeowners insurance premium which is paid once per year and the property tax which is also paid once per year (through it can be a little more complicated, see below) and dividing by 12.

The rent is below market.

Obviously if you are trying to wholesale a house that is not worth a lot, the fee will be lower.

The reason I am considering College Rentals is I assume with proper location one would have below average vacancy and would be able to rent units out for larger monthly rents than a similar unit would rent for in a non College Rental market.

Either way as of now I can get the place below market value...But how much I am not sure.

Since you plan on using this for acquisition purposes, the rate can not be beat even if it were to jump up 4 points over the next year, you would still be below what a HML would charge, plus no points.