I live in a desirable area close to the city and multiple universities.

Therefore I'm just going with the market value of the home.A few quick points about the property that may affect the rental property calculation:It is located in the historic district of my city.It is about a block away from a major hospital in the region and less than 2 miles away from a major university.

A University often is a great anchor for a town.  

This a condo near Oklahoma University, walking/biking distance to my work and campus.

Long Island has quite a few colleges and universities, so there's no shortage of opportunities investing in this way.

But given yours is likely a 800-1000ft2 place, you would need north of $2/ft2 per month.I also think that corporate rentals are going to be in much more demand in high demand area's like downtown or right near a major employer (Think University Medical Center).I tried renting a condo in a different city as a furnished rental, it was a struggle. 

Someone I'm close with has a BS in Finance from San Jose State University and has been running a family own business for 9 years since he graduated.

I am finishing my first two years of community college in the spring and I will then be transferring to a 4 year university in either Tennessee, North Carolina or Pennsylvania (where I currently reside).

Hey @Hank Sacco,My name’s Chauncey and I too have considered buying in (North) Decatur as it is close to Emory University and has a rental rate of 61%. 

Then I have the option to rent out the "affordable area" SFH to generate additional cash flow and get into multi-family after building that base of properties.I'm particularly looking at the Belton and Temple areas, as they are still relatively affordable, close to healthcare, university, and military jobs, and have access to major roadways.Has anyone started their investing careers in a similar way or involved in the greater Austin area?