(I'm sure someone will chime in with "you're asking for your home to be ruined" but I lived with 5 SDSU football players and not a thing went south).5) If students DID cause damage, security deposit will cover just about everything. 6) Usually, Financial aid or parents pay for rent, which means you don't have to be worried about not getting your monthly paycheck ;). 7) Lastly, I plan to fix it up in those 2-3 years that will attract the slightly more responsible tenant. 

@Jerry Johnson -- I would follow these steps:Local laws: Some counties have rent control regulations, so confirm if you can raise the rent or whether you have limitsLease agreements: See if you can get a copy of any lease agreement / terms with the tenants.

My goal is to control 5 million dollars in real estate with both multifamily and single family units.

Remember you don't have to own a property to control it.

This can be your spouse, your child, your parent or a trusted friend.  

The other realtor talked me out of student housing because her students drove an SUV into a dining room and others took batteries out of the CO and smoke detector to put in their controls!!!

Toronto is way out of control .....Think about it wages are not changing, yet the home prices are skyrocketing....any single family home in TO is 1 million min.... unless everyone in Toronto is a millionaire these days and making $250k plus its just a big credit bubble....I sold my house at Bayview and Steeles for $1.2 million and it was average at best....The house in my eyes should have been worth $400KI currently reside in a exec townhouse in Richmond Hill which I bought for $300k and is now $900K its nuts ...predicting the correction impossible....play safe in these crazy times...my guess is 30% over valued.....FYI in 2008 i bought a $400K Condo in Las Vegas for $125k so the corrections can be severe.....people in Toronto think it will never happen.....lets seeJust my 2 cents...:)

Parking is a pain, there are no yards, I already mentioned the schools, so there is little here for the two parents with the 2.5 kids, but if you're some just out of college 20something working for a non-profit or a childless 40something professional couple, we are the bomb.

My wife and I are foster parents and have had 8 foster children living with us throughout our foster care journey, which made a larger home a necessity.

Remember you don't have to own a property to control it.