Thank you @Brandon Turner, I would appreciate the exposure.

Your best case is probably someone staying 3 years and more likely anything more than 1 is a bonus), higher periods of vacancy during times school is out (Getting a 1 year lease may or may not help), and the higher levels of wear and tear college kids tend to put on a place.I'm am certainly not saying it is a dog.

offer a bonus to your current tenants if they can bring you somebody.

I want to take advantage of what I feel is an amazing confluence of experience, exposure, and opportunity.I am currently seeking to expand my education in real estate through reading, research, and knowledgeable input from experienced investors.

The added bonus, of course, is that much of your rent is guaranteed.

There are good teams and good properties in depressed markets like Detroit (sorry Detroit), but that increased your long term risk and exposure in the carry costs of that property.You need to me Market Agnostic (my 5th rule of successful real estate investing).

If your policy is to accept applicants with "income that is 3 times the rent", then define how you interpret "income" (e.g. income is W-2 wages excluding bonuses and overtime) you won't have to deal with tenants afflicted with what you call "absurd" disabilities.

Yes, only see interest rate risk exposure if you're using a HELOC, balloon, or adjustable.But don't rent rates, in general, also move with interest rates?

Just so you know HUD in some areas do offer a cash bonus for a quick close , paid to the buyer.

To date, no one at the biggest banks has gone to prison for pushing bad loans onto people who never deserved a loan, all in the form of a Wall Street bonus.