It all depends on your risk tolerance.

Bottom line is that if you are taking on the headaches of student housing, keep the rules tight and zero tolerance for shenanigans.To answer your question about the firearm, we had to relocate the roommates.  

I have moved on to see if I can find the investor a true NNN lease with 10+ years, even though the CAP rate will be significantly lower, since it more aligns with his risk tolerance and investment objectives.

@Brandon Yuan My preference would be to go with the non-recourse option, but again, reiterating @Conor Freeman, it really depends on your risk tolerance as well as other factors such as what you are planning to do in the future with the property as well as other properties.

Hi @Thomas Henry this may vary for different people depending on their risk tolerance and urgency. 

Developers do it all the time, it just requires a certain amount of risk tolerance.  

$$$ that term you hear investors say "smells like money" depending how crafty you are and how good your negotiating skills are this could provide an opportunity to really come on top. you just have to determine what your tolerance is and have a plan. 

I will have about a $1000/month risk tolerance for leveraging to get in the game as this is our first REI.Thanks in advance for the input guys!

I think its all about risk tolerance.

If you watch the local news, shootings almost invariably occur in one of those three sections.If you have some risk tolerance and don't mind owning in the hood, I'd think about finding something in any one of the three.The South Shore is still pretty reasonable price-wise.