Students must live in campus approved housing for freshman and sophomore years, and junior and senior students with scholarships are also required to do so, however juniors and seniors without scholarships tell me they are anxious to live "off campus"Since apartment is one block from university, students can walk to campus, saving them parking permit fees.Additional income could be had by putting in coin laundry, soda/snack machines, and renting out storage units in basement as well as garage space.I have a friend that currently is the maintenance man for the entire university, and he is questioning students as to how much rent they are paying to live off campus currently.OPTIONS:  Rent furnished apartments to 4 students per two bedroom and two in basement unitRent furnished apartments to 4 students per two bedroom and create common area in basement for study/recreationRent all units unfurnishedOption to raise rents by including all furnishings, cable, wifi, cleaning service etc. with them simply paying rent and electric.FINANCINGtax value (not market value) 105,000Taxes $2,200 with no exemptionsProperty currently has a 30K mortgage left of a 55k loan previously taken out to "give first child his half"Owner, due to age is most interested in payments, and leaving remainder to 2nd child for "her half" Owner has expressed the following offer :30K to pay off current mortgage, and 250K to purchase an annuity that would pay $10K/year for his and his daughters lifetime.In its present state, I question whether the property is able to be financed FHA due to condition, though it is a solid building, the maintenance has been deferred.comps on property are practically non existent.MY SITUATION:I have perfect credit, and am about to flip a seasoned home with no mortgage and expect to clear approx. 70K.I am single, steady long term employment, and have no debt.I have a realtors license in inactive status, and have hands on experience with major property improvements.I am a "Dave Ramsey" girl, and debt makes me quiver...  :-)Note: Property is currently in a Life Estate Rev.

Your issue is common today in hot and appreciating markets.  

§Maintaining common areas: You are responsible for cleaning and maintaining the common or shared areas of the building, such as hallways and yards.

HOA will the exterior and common areas of the building.

They are not that common in the DC area but they do come up occasionally. 

The two most common ways of doing this are to raise rents or lower operating expenses. [ I was going to give examples with numbers here, but Tom Bucaceck has an in-depth explanation in a BP blog post https://www.biggerpockets.com/articles/924-underst... ]Hope that helps!

But the notion of a buyers list is for REPEAT buyers, and repeat sellers aren't as common.

I think lack of non-street parking is an issue, but this is common in the area.  

Our situation has become common for many folk there.

Sales comparison is the most common from an appraisal perspective but  i would suggest that you consider the following two strategies in assessing whether it makes sense  as an investment:1.