For that reason, expect to pay higher management fees if you ever turn this over.That being said, if you're willing to do the work and have the right personality, student housing can be a great money maker.

After graduating from BYU, I decided to make real estate my career and got my real estate agent license.I hope to learn more about leasing and commercial real estate from BiggerPockets, and I am looking forward to both teaching and being taught!

I want to be able to leave my job working as a federal employee and make real estate investing my full-time job/lifestyle by the end of next year. 

.- Brand new roof installed a couple weeks ago plus the indoor HVAC Unit and Hot Water Heater have both been replaced in the last 5 years, so major maintenance costs should be low for some time if nothing goes incredibly wrong.- This puts my cash need at basically 0 to acquire my "first investment" and the cap rate is about 17% depending on what numbers are used to assume monthly costs.I feel like if I saw this deal online, I'd think it was too good to be true and that I should make this my first income property.

the conditions are varied but majority of blds are classified as D bld and "high" crime neighborhoods high for maine not usa but some sporadic improvements are being realized around court house, canal by river, canal by rt 495, kennedy park, and ice arena by high school. outside this area is much safer and better quality overall conditions, neighborhoods esp near bates college, or closer to highway. more sfr and less multis.many use local long term experienced property management teams unless your strong experienced landlord with systems in place. i have rented too and be inside many lewiston buildings. some transplants have cultural programming like keeping or killing or processing livestock in apartments cupboards and trash accumulation is issue. i have dealt with many lewiston applicants and my experience many with high percent of eviction and or conviction history or both. most are limited by section 8 rules. many my tenants were on younger side, and many had mmj cards and smoke indoors. allow friends couch surf, but some are entrepreneurial but have wrong product. deals can be had. but don't scrimp on professional inspections, or onsite interviews. buildings can be fixed much easier than tenants can.be very careful of flipping single family homes in this tree block area. it wont likely be sold to live in homeowner but rented out by displaced local.

That does not mean you must do business with them.Think in terms of corporate defimation....The bankers already thought of this one and got to law makers for protection.

I think it's a horrendous practice but there is legal precedent with documentary film makers who make millions selling depictions of illegal acts (rape, murder, genocide, rioting, assault, etc....).

Quote from @Kay March: The quiet tenants are often the trouble makers.

You can also offer a month to month at a premium on a renewal at the end of an existing lease.Ending leases between March to July can make re renting a property easier due to the weather & more people looking for homes at that time of the year.

We recently purchased a duple with limited space for indoor washer/dryer hook ups.