We're new to REI, but looking forward to learning!

One great way to find tenants that are students is to email the coaches of the athletic teams at Xavier letting them know you have apartments for rent.  

Just make sure you do your due diligence and work with an operator that has been around a while with a good track record and has a strong management team and good construction work.  

My team has never dealt with this type of real estate, but, all else considered, it looks like a deal that may work with our business model. 

Experience is great, but with the right team you don't need all of that up front.. you can leverage that in others.

A lot of contractors like to work with other particular contractors in a team.

IMO, that's not a very sophisticated way of budgeting, b/c it fails to consider ROI and marketing efficiency by channels.How many listing/buyer clients can you &/or your team (if you have one) support?    

If not, find a great team in a good market. 

Lastly, My hat's off to Josh, Brandon and BP team for making such an amazing site.

http://www.meetup.com/MyINREIA/ It is a great place to meet people and begin to build your team.