I'm currently a university student with no experience in real estate yet. 

But, if you work in south Lake Union or the center of the known universe, Fremont, or Boeing Field, or that kind of thing then traffic is a big deal. 

I was a university student studying architecture.

Investment Info:

Single-family residence fix & flip investment in Tempe.

Purchase price: $215,000

Cash invested: $25,000

Sale price: $357,000

This was my first fix & flip. Everything was ...

Narrow it down to areas that attract people like schools, hospitals, universities, business centers, etc. and try to purchase around those.

Although we did look at a student rental property for Prairie View A&M University.

Seems like there would be very little money in this.I'd want to keep the commission if/when I start doing virtual signings.

Then there's the various colleges and universities that draw people for education and employment, manufacturing in different areas, shopping, and of course things like Disneyland, etc.

I am prepared to walk away if that's the prudent decision.FYI, this is for a Buy and Hold, not a flip.Here are the vitals - let me know if I have missed anything:Asking price: $100K (this is an FSBO, I am working with a buyer's agent)Our offer: $90KEstimated Repairs: $5KClosing Costs: < $1K (we are paying cash)All-in: $96KARV: $125KEstimated Rent: $1,050 - $1,150 (but based on rental comps, $1,050 is on the very low end)Property Taxes: $1,178/yrInsurance: $750 - $850/yrThe property is in a great neighborhood with pride of ownership, excellent school district, minutes from shopping, a major state university, etc. 

For example, carpets, paint, window treatments, appliances have virtually no risk.