Here are a few things to keep in mind:Pros:Consistent demand: College students need housing and tend to rent year-round, which can provide landlords with a steady stream of income.High rental yields: College students are often willing to pay a premium for housing close to campus or with desirable amenities, which can lead to higher rental yields for landlords.Multiple tenants: Renting to college students can mean renting to multiple tenants at once, which can increase the potential for cash flow.Cons:High turnover: College students tend to move frequently, which can result in high turnover rates and additional costs associated with finding new tenants.Potential for property damage: College students may not have the same level of responsibility or experience as older renters, which can result in more wear and tear on the property or potential for property damage.Noise and disturbances: College students may be more likely to host parties or cause disturbances, which can lead to complaints from neighbors and potential legal issues.Ultimately, whether or not renting to college students is a good investment opportunity depends on a variety of factors, including the location of the property, the local rental market, and the landlord's level of experience and ability to manage potential issues that may arise.

@Mayer M. how is your multifamily search progressing?

We also have strong financial services (banking and insurance) employers - Key Bank and Progressive Insurance are based here to name just 2.  

If you got a job as a property manager, it will be a steady paycheck.

I am a newbie investor, but a newbie that is ready to get off the bench immediately and start making progress towards my goals.

As a rental it brings in a steady $4550.00 every month and has been doing so for years.

The work has taken 5 1/2 weeks and as it progressed it was evident that the negligence of the original contractor couldn't have been anticipated.

For example, in my market I know that:Total gut rehab with both exterior and interior work will run me on average $60/ft for a rental and $70-$75/ft for a nice retail flipTotal gut rehab with only interior work will run $40/ft for a rental and $50-$55/ft for a nice retail flipCosmetic rehab for a rental will run around $20/ft (baths, kitchens, flooring, etc)If I look at a property older than 40 years and it hasn’t been updated in decades, it’s a definite gut job (have to tear everything down to the studs)Etc etcSetting up these “rules of thumb” will massively speed up your deal evaluation process, while preventing you from making costly mistakes.Go through this exercise one time and you will make massive progress in your ability to estimate repairs and value deals!"

I've never been to that area, but if, as you say, you're in the path of progress already, why not see how it goes? 

Although that was somewhat discouraging during that period, and I felt like I wasn't making any progress, I knew what I was waiting for.