The HOA fees in some places are astronomical as well, make sure you factor that in.

So if he has a good reputation that can be the deciding factor. 

Overall violent crime isn't a big factor here, but there are pockets where there are a lot of drug users.Overall, like any investment, I would make sure you are familiar with the area you are buying in before you invest.  

Is the normal commission before brokerage splits 3%, factoring in the buyer/seller splits?

I learned a lot and got a chance to be exposed to several local vendors along the way - some very good and reliable that I'll be able to leverage for next time.  

From what I've heard, it seems like a solid area to invest, considering the steady rental demand and quality of tenants, among other factors.

Disregard - I finally figured out how to add the time factor into my formula.

People with a lot of money still like to work they just do what they love and enjoy as money is not the primary factor but secondary at that point.First thing is take a long and hard look at your budget and what money comes in and what goes out monthly.

It seems folks commonly either over or underestimate the opportunity cost of their money.Figure out what your most likely return is and decide whether it's worth the risk and hassle factor of rehabbing and managing the rentals.If you have questions about projected expense items in the student rental sub market in your area, someone else on BP can probably comment for your area.3.4% owner financing would be pretty killer.

)Not all Investors are the same, and to me, finding the right way to make money is just as important as any other factor.