Also, find out how much traditional on campus boarding costs... its a good indicator on what parents/students are willing to pay.Student rentals are great investments but not for the faint of heart!

Any advise from new and seasoned investors is warmly welcomed.

Hi @Deborah Repaskey, this is a great question to ask and one that shows your heart overall -- well done!

The area we are looking at is primed for flips and the market is warm, so its enticing if only i could mitigate the oversight risk.

The other reason it’s perfect is if a plank or two is damaged you can easily replace the one piece by warming it up with a hair dryer – pulling the piece out and setting in a new one.

My first reaction is that this is business but then I read the previous posters and they seem to tug at the heart strings.

@Craig Bellot Thanks for the warm welcome!

they have their heart set on 15k. so with backtaxes i initially offered 25k to get them their 15k and pay off their backtaxes. however the property is not worth more than 25k.

I used a reference to 1% as a way to frame the question as market and it financials.The heart of my question is do you prefer to be in an area where the number of renters is greater however the quality of the asset is lessor or an area that has a more established and affluent resident requiring a higher end product?

I'm wondering what advantages there are in acquiring a portfolio of these smaller MFH (aside from serving as a warm up to make the switch to commercial), and if there's a case to be made to never make the switch to something larger?