@Nikesh PatelCash flowing on a long term rental is very hard to do in this rate environment unless you find an absolute deal.

It all depends on what the Student Housing environment is around your school.

Some of the countries finest beaches including but not limited to Pensacola, Navarre, and Destin are 3 or so hours from Montgomery for easy weekend trips to the waters of the Gulf of Mexico.The City of Montgomery is the Capital of Alabama with a robust economic environment that has produced multiple awards of excellence at the Chamber of Commerce level.

A good paint will last a long time all depending on the environment it is in. 

That is going to make finding a deal that makes sense difficult, especially in this interest rate environment. 

Despite mortgage rates being double what they were two years ago, the overall borrowing environment remains favorable for state and local entities.Key initiatives driving this surge include efforts by entities like the Michigan State Housing Development Authority, which recently launched a $425 million bond sale aimed at providing affordable mortgages to over 2,700 families.

I'm bias, but renting by the room is a VERY powerful strategy, especially in todays environment. 

That said, through conversations with brokers in the area (and evidenced in the comps I’ve created) I’ve learned that this strategy may be slightly outdated as most properties are currently at market rents given the current rental environment, expenses aren’t a realistic lever to rely on to add value, and there is a real risk I get priced out of the market by buyers with cash, 1031 exchanges, and with longer term hold strategies willing to pay an extra $10-20k per key.

Hi Daniel,Flipping in rural environments with limited comps is a risky move, so personally I wouldn't do it as the risk is too high.

If you can handle a high-intensity environment (many times without adequate staffing) like an ICU, you can handle RE investing.