The area does dictate the tenant population and expectations, but the state of our buildings/units dictates how we perform in a given area.viz.a) Our student properties are a basic level of decore: clean, solid/indestructible, and easy to maintain.

-W/ students you'll have higher turnover which means more expenses.

I'm resurrecting this thread...I am working on a full reno of a large 2 unit home that will only be rented to students.

He immediately put it up for sale at 5x the price he bought it for.Years passed as he rented out the apartment for a modest rate to students/professors.

This does discourage me as a young an aspiring real estate student.

The student loan fiasco is a big problem though, makes it harder for young families to buy.

I have gained tons of valuable knowledge and made many changes to my business model from reading and participating on the forum but I would have to say the most significant change would be the one to really become a student of long-term investment techniques instead of going after the "quick buck".

Our students are kicking butt too!

By the numbers:Rents: $2300: House $1400, Cottages: $450 eavacancy at near 0.0% because it is another student house that leases 6 months before start.loan: 25% dwn conventional, 6%3% closing$10k improvementsI come up with about a $160,600 1st D/TTaxes are $0.77/100 insurance about $300/yr.I can see offering a max of $195k.By the 50% rule I get about $185 positive monthly.does anyone else see this as a potential deal?

If you cannot find an affordable experienced "draughtsperson", you can probably find an engineering or architectural student at Carleton University.