If so, then school district is a big concern and you may opt for the higher priced option.If you're a single person, or young couple, are you just being an area snob who is not willing to make short term sacrifices for long term gains?

You may be constantly concerned or worried because it's something right there, in front of you, a constant reminder, and you can SEE the activities daily.

Howdy Joe,It's good to have you as part of BP -- the more people from Madison the better as far as I'm concerned!

Already mentioned by others, but my main concern would be if the HOA allows the unit to be turned rental; that is something to definitely validate next time BEFORE closing, or better yet, buy a property w/ no HOA so there is no HOA fee and 0% chance of that happening, ever.

I'm wondering how one might do their due diligence on such a property and if there's cause for concern with such a situation.  

Changes in student housing/demand are his primary concerns.  

My concern is if i deposit a large sum of money in my account will I have to pay taxes on it or have any other red flags raised?

(There is a ton of info in the forums, just throwing this in as it is a concern of mine)-Did you buy sight unseen?

Ask any specific questions you have concerns about. 

It seems like a high fee to owners, but the PM business would be so much easier, profitable and hassle free if there was never a turnover or leasing commission.Steve I agree low/no turnover can be a good thing, but would be concerned that this bias might lead the PM to recommend below market rent increases on renewals.