I checked tax records (as I always do) for square footage, beds, baths, etc.  

We strive to make things as clean as possible.Today and tomorrow our landscaper and do everything guy will be at the house doing a number of things including: power washing concrete areas that need it, installing like fixtures, putting mulch beds down, and patching concrete where needed on the front patio.

Purchase Price: $710,000 +/-Units: 12 (All 850 SF 2 bed / 1 Bath units)Current Monthly Rent: $9,300/mo (There seems to be room to push this to at least $9,700)Annual Rent: $111,600 + other income $905Vacancy: 5% (Property is currently 100% occupied with strong occupancy history)Effective Gross Income: $106,925Taxes: $9453Insurance: $6588Management: 5% (will be partially self managed) $5,079Utilities: $6,302 (only common area electric and electric heat, all other separately metered)Septic: $1,000Repairs/Maint.: $16,450Marketing/Promotion: $1,431Trash: $1,961Supplies: $1,579Water Testing: $3,177Misc: $350Total Expenses: $53,370NOI: $53,555Cap Rate: ~ 7.5%Cash on Cash: ~12% (based on 20% down and 30 year am at 5% - still finalizing loan terms so subject to change)DSCR: 1.46x50% Rule ($/unit/mo): $117.171% Rule: 1.31%GRM: 6.36Debt Yield: 9.55% (based on 20% down)Property is in overall good condition but could use some upgrading.

.$1000 per student sounds good, unless you've just paid $350,000 for a 2 bed SFH.  

Something of interest is nowhere in the article did they mention that they are adding more beds or more patient services.  

So they try to sell the place as a 6 bed 2 bath house and comp it that way when really it needs to be treated as an investment property.What you get is duplexes listed at $180k that bring in $1,000 in gross rent.

It is  a 2 bed 1 bath currently appraised at $45000 and seems to be in pretty good condition.

Tenants might install water beds, etc.Ask what kinds of rents policies you should require of your renters.

When I went to do the home inspection, I noticed some "doggy droppings" on their bed, which leads me to believe that this may not turn out too well for me.

Another issue would be "conforming" the downstairs bed.