I was uncomfortable but I thought that maybe this was the way commercial deals worked.The GP predicted selling the property for $3.1 and then signed a deal in January for 2.78, which seemed low given the hot nature of the market and the improvements done to the property but I didn't really have any recourse.

Your rehab is 14k for all of that stuff - sounds a bit low.  

Some of the best contractors I've found have been at Home Depot and Lowes.

Hi I am new to the real estate market, I want to gain knowledge on many aspects of real estate investing such as flipping and low or no money real estate investing. 

Add a few amenities (heat, lights, insulation) and it will cost another $1000.  

I agree that vacancy may be low given it's a student rental (assuming there is strong demand in the area) but there will always be some vacancy.What updates have been done to the property?

I'm wondering if higher owner occupancy rates means that there is little demand for rentals in the area or if it means that there is a low supply of rentals in the area.

I've used this resource titled "Rental Returns and Cash Flow Heat Map" from Realty Trac but is there a better resource out there with more information? 

Sub2 in general works best with pretty, low equity houses where the owner has become a sudden seller.

Since I've never lived in my rental houses (and I'm paying abnormally low electrical rates when these are empty...just to keep the frig going, air when showing a place, a few lights, etc.)