I've noticed that rents in my neck of California are universally underestimated on zillow, but in the location I'm referring to they are universally overestimated.Ah well, I'm definitely not working with that PM anymore. 

I am in Bakersfield, too, my oldest is at the university.

I’m targeting the area in between Texas Women’s University and the University of North Texas.

Knoxville is more affordable, has good employment rates (big industries within 30 minutes are ORNL, Denso, Arconic, Pilot, the University of Tennessee, and the hospitals to name a few), and low property taxes.

I was/am a university professor and although a lot of people think that is a prestigious job, it pays terribly.

I’m finishing high school this year going into university I want to gain experience in re development any tips ?

This area is unique in the sense that there are a few big universities with high housing demands.

I would go with a hard money loan if the conventional path is: i) not fast enough to fund; ii) you're tapped out on a global LTV basis; iii) you need up to 100% of rehab costs to be covered, which I know isn't your case; and/or iv) you want a loan to be underwritten with the asset in mind and minimal emphasis placed on borrower FICO.

The area made sense, being close to two major universities and 5 minutes from the main freeway in the Salt Lake marketHow did you finance this deal?

The neighborhood is outside of the typical student rental perimeter around the University.