The demographic in my area that I prefer to attract would be college students as I am a recent grad and would like to help them out with reasonable housing prices as long as it is somewhat affordable for myself as well.

100% - you may not attract many value-add buyers, but turnkey guys would be interested in the highest possible NOI.

Mountains, Lake Front, River Front, Ocean Front, close to major attractions such as Disney.Pigeon Forge, Ocean front in Carolinas and Florida

Go to the meeting, great opportunity to meet people and get an overview of the business- leave your wallet at home, not in your car but at home.

Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

I view deductions as far more attractive as they are all taken in one year vs. over time and because eventually depreciation will be recaptured (unless you 1031 forever)...so it's really not a tax break. 

Apartment buildings are a more advanced (and often higher-stakes) strategy than single fam/small multi-fam, so it's a good idea to get some REI experience before jumping into apartments.Not only will the experience of operating a smaller property be absolutely critical in helping you eventually manage a larger property, but that experience will also make you more attractive to potential investors or partners--if you decide to go down that road....and, as others have mentioned, study up on all the resources (podcasts, articles, youtube videos, etc.) related to whatever investing strategy you're pursuing, and start attending your local REIA meetings.

Hit that and they're profitable, lower than that, they're loosing money.There are different philosophies on this though.....some people want it full every night.....some people would like quality over quantity, or minimum stays to reduce turnover or to attract a different kind of guest.

If you did it yearly, do you find it much harder to attract tenants at a condo vs a house?

We have worked very hard to get our personal finances attractive to lenders and we are ready for our money to work as hard as we do.