@Eryn GarciaInvesting in student rentals can be a lucrative strategy, but it comes with its own set of pros and cons.Pros:High Demand: College towns typically have a consistent demand for rental properties, ensuring steady occupancy rates.

Do this on a down year where values have dropped for whatever reason (we might be in that environment right now given interest rates).4.

Ive had to drop prices several times.

The benefits on the lending side are huge--lower rates and much lower down payment requirements.

I used an interest rate of 6.7 for the calculations. 

My personal opinion is: once the renovation is done, property is rented and generally stabilized, I take out a fixed rate mortgage.  

I believe it was just a flat rate per property per month, and quite inexpensive.

I have been told that many large corporations are cutting internships, traveling nurse levels seem to be dropping off and general travel seems to be down.

You are just as likely to have the rates climb while you wait on this subpar company as you are to get a better deal.

The recent interest rate hikes have taken a toll on this deal for me; however, because now my lender is telling me that because of the changes, I need to pay off more debts to make the deal work.