I also like areas with great Anchors like malls, universities, hospitals, and iconic places people like to be close too.

Be brief, be bright and begone.I spent 15 years raising money for philanthropic purposes for a great university and causes within it.

The property location is northeast Baltimore, just a few min drive from multiple universities. 

Not sure what the tax laws are for establishing dual residency or if that is an option that would meet the University resident requirements.   

The only negative thing I have noticed in Columbus, Ohio is rentals near the university

Now I look at investing in a college town where the university drives the economy as a high-risk high-reward venture.

Looking for sites that are well positioned around areas of growth within close proximity of universities (to capitalize on student population) medical centers, technology districts, financial districts, area entertainment and outdoor recreation, trail systems & transportation options. 

It's located a few minutes from the University of Memphis in Memphis, TN.

There’s no one universally right choice.

New would probably be more expensive but would nearly eliminate some of our maintenance concerns for years to come and make for very attractive and higher rent units in this city of 45,000 with a medium-sized state university.