I love College Station, as long as you understand exactly how to be a great student landlord - it has some of its own unique characteristics.

It's a unique model which makes it nice because there is limited competition.I know you'll find some great information on this site.

I like my rents to be easily divisible by 30 and I always prorate based on a 30 day month.

My unique educational background has given me extensive insight into both design and economics, with an emphasis on city planning.

In PB county go to the Planning and Zoning division on N Jog rd, and you can sit down with the "planner on duty" and they can help define the limits of the code, and future use codes planned for the area.  

One mistake I think many new landlords, myself included, make when starting out is that they don't think about WHO they want to rent to and WHAT unique value / amenity they have to offer those renters.This got me thinking, what are the different types of renter profiles and how are they different?

On the surface level, you can compare the price of the home with others in the sub-division.

This is a truly unique gem!!!!

Then invested the next 10 building an organization that is unique in the world of real estate coaching in that our coaches get paid when their protégés make money.Not here to sell anything, other than a philosophy that there is a right way, and a wrong way to do this business.

As I stated above I took the comps in the subdivision and took 20% right off the top to come up with my MAO which is $63K (there was not a huge number of comps to work with - 5 if memory serves me correctly) ...I thought I was being conservative and do not want to tell a perspective owner "once you fix this place up it will sell for $130K all day long"... because it IS in a unique area, it IS rural and not everyone wants to live this far off the beaten path.