Current rents are just under $6,600 per month and the units are all leased up with a mix of locals and students.

I just graduated college and I saw you invest in student housing which is mainly what I'm looking at doing, so any information on that would also be very appreciated. 

I do have student loans, which will be forgiven in 7-8 more years as long as I stay in law enforcement.

Oren,Thanks for the analysis with this reply:Current owner had the properties over insured and getting a revised quote based on current market pricing.College Community but these units are not rented to college students.  7% Mgmt is solid and known entity but do have some of the fees mentioned.Total Maintenance should have been $36400 and not $26400.Renter responsible for utilities but do have an annual pest control and grass cutting.Taxes and rate have been confirmed.

My friend is a Cody Sperber clever investor student he was trying to put me on to the idea I'm very skeptical and wanted to know if anyone has actually done one of these deals ?

But the active duty are still there on long stable tours as teachers, and then there are students, and "permanent party."  

Co-signors- I allow them (actually personal guarantors) for college students only.  

can anyone suggest how to get started in investing when you have a foreclosure and student loan debt on your credit report?

It provided a huge leg-up on other students and was a great resume booster.

George is Bob's  "student".