city=Syracuse_NY> Population growth is down 2.87 between 2000 - 2005> Home appreciation was up 6.76% in 2005> Schools spend $8,299 per student (nat avg is $6,058)> Unemployment rate is 4.70% (nat avg is 5%)> Recent job growth has been 2.39%> Future job growth over next 10 years is 3.8%> Household income is $28,525 (nat avg is $44,684)> Race: 68.1% white, 25% black, 3.3% asian, 1.2% native american, 2.3% other> Population in 2005: 143,101> Renters make up 52.8% of population> Current vacancy rate is 13%> Median home value is $138,400> Average apartment rent is $586 (nat avg $653)> Crime rate: 6 (nat avg: 3)NY Department of Labor===================http://www.labor.state.ny.us/workforceindustrydata/index.asp?

He holds every single property he owns in a separate LLC for tax/legal/liability issues, and he's a Harvard CPA.

My experience -I rented to a couple of young ladies this year for the first time - 19YO college students moving out of their parents' houses.

I have to say I agree with everyone that even at $3000 of income, the income to rent ratio makes it very tough especially for the DC area and a student with minor, not major student loans.

And the answer to that is not many.I always used to say to my students:"If you applied yourself how hard would it be to find one profitable deal in the next 30 days?"

I continued to collect rent from my two roommates - and now the folks in the other unit - but got to put it in my own account.Since you are going into your MBA - meaning you will still be a student and may not have a steady (or any) income - I would consider for an affordable student property where you would reside with as many roommates as you can tolerate.

We rent our student houses under the latter structure.

Apart from the drug use (which is expected from college kids) the college neighborhood is RICH PICKINGS for roving thugs from other neighborhoods.Although the local college hates to publicize this stuff, patrols have been beefed up, dorm security has super increased, and many more alarm boxes have been placed on campus.The college even advises that at night students walk around IN GROUPS!

You might consider Niche or Specialized Housing like student housing.

I am a 20 year-old college student living in Houston,TX.