Grad students might be able to push $1500.Personally, I wouldn't touch a rental in Boulder.

Some of my students have had their LLCs drawn up by an attorney (usually paying way too much) and plan on doing nothing but flipping or sandwich Lease Options.

You have to go take classes (I am a college student and have yet to see any classroom style education that is efficient.

He leased the condos for a year at a time to Stanford Students, and the average tennant stayed 2-4 years.

The worst scenario is the utilization of properties for
anti-social and objectionable purposes. Such properties lose
their utilitarian value due to the tarnished status of their
past, Instances of fraud and forgeries ...

city=Syracuse_NY> Population growth is down 2.87 between 2000 - 2005> Home appreciation was up 6.76% in 2005> Schools spend $8,299 per student (nat avg is $6,058)> Unemployment rate is 4.70% (nat avg is 5%)> Recent job growth has been 2.39%> Future job growth over next 10 years is 3.8%> Household income is $28,525 (nat avg is $44,684)> Race: 68.1% white, 25% black, 3.3% asian, 1.2% native american, 2.3% other> Population in 2005: 143,101> Renters make up 52.8% of population> Current vacancy rate is 13%> Median home value is $138,400> Average apartment rent is $586 (nat avg $653)> Crime rate: 6 (nat avg: 3)NY Department of Labor===================http://www.labor.state.ny.us/workforceindustrydata/index.asp?

My experience -I rented to a couple of young ladies this year for the first time - 19YO college students moving out of their parents' houses.

I have to say I agree with everyone that even at $3000 of income, the income to rent ratio makes it very tough especially for the DC area and a student with minor, not major student loans.

And the answer to that is not many.I always used to say to my students:"If you applied yourself how hard would it be to find one profitable deal in the next 30 days?"

I continued to collect rent from my two roommates - and now the folks in the other unit - but got to put it in my own account.Since you are going into your MBA - meaning you will still be a student and may not have a steady (or any) income - I would consider for an affordable student property where you would reside with as many roommates as you can tolerate.