It DOES NOT require a full gut rehab (rehab could consist of new kitchen, new bath(s), windows, flooring, paint, etc.

Unless you have consistent access to off market deal you will probably be wasting your time with this kind of investor.

Folks appreciate enthusiasm and genuine curiosity.A friend of mine, Alex, felt the same hesitation but decided to give it a shot.

Now enjoying "retirement" he loves to assist other new and seasoned investors down the path of financial independence through real estate investing.The Thursday meetup is quite similar and consists of several local investors who can attend when they are free. 

The fact that they split the rent up makes it much, much easier to raise rents on students versus non-students.4) CONSISTENCY OF THE TENANT BASEBarring a catastrophic occurrence, the University will be there for a long time.

Stay consistent stay the course and you will do great. 

There are 4 months of on-time payments consistently.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

My mortgage and escrow don't allow me to consistently profit enough on both floors to handle a 20% management fee and not take a loss some months.

In my opinion, you need a standard (eg. no felonies) that is written and followed consistently to avoid fair housing issues.