I would account for these when purchasing a condo aiming for student renters:1. vacancy in the 10-15% range.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookYou might consider Niche or Specialized Housing like student housing.

Lengthy contracts with too many fine prints will scare distressed sellers away and intimidate buyers :) I have many students in South Florida using a simple 2 page contract.

You might consider Niche or Specialized Housing like student housing.

College students will feel like they have free reign of the house if they know you're absentee.

Now today I have many projects and a Real Investing Academy with about 130 students where I show them HANDS ON how to Find, Fund, Fix, & Flip properties in their own backyard.

I just finished paying off my student loans and now I am saving up for somewhere to live.I work full-time in Princeton NJ and have been listening to the BP Podcasts on my commute. 

We usually recommend to our students that they manage their first few investment properties, for the education.

@Chang Hee LeeCurious if this is a student rental?  

In Wisconsin we send the security deposit with "AND" between each tenants name, so it's made out to all of them together - since many times college students don't have the money to pay a new full security deposit while waiting for the old one to be returned when changing roommates, how do you "apply" their new security deposit to their new lease term and refund the amount due to old tenants leaving?