A lot of student rentals even here in an extremely tight market are offering concessions like free month (or $250 off), free wi-fi, free tv or whatever at this late stage in the season.Advertise in the school common area, near mailboxes or whatever in addition to the standard ways.This certainly doesn't happen to everyone so I hope it hasn't discouraged you from investing @Jem Jacala!

I would like to take equity out and use it to invest in additional property.

The typical buyer is 1031 exchange, retiree, estate planning, foreign buyer, or ultra high net worth that wants cash flow but safety so will take reduced yield for quality.We stick to strong suburban to urban locations.

Keep pulling out equity as it grows so as not to reduce your cash flow from the property.

Essentially, my seller is willing to do some owner financing in addition to the FHA loan.

There has been additional schools and plants built here, we have 4 seasons, and for the most part our weather is not extreme.

Later the price was reduced to 220K in June 2015.

@Anthony Ciulla What you describe (further developing a property with additional units if zoned correctly) is very doable - that's mostly what we've been doing in SD for the past 5 years.Be very careful, though - the costs associated with doing it are far, far greater than most people expect.  

I am planning to buy and hold for 10 years and sell it for my child education and my retirement.Or if I hav the finance increase the value by building a mini commercial complex like McDonald,postal service,petrol station,etc,The location is a issue now.Either I should buy in urban or rural area.If you need any other additional info please let me know.Tonnes of appreciation

I have patlive screening my calls, and every caller that didn't just tell me to go F myself, I called back and made a verbal offer to based on the numbers I was told to use here at BP in addition to some of my own assumptions.I make cash offers by a CMA to get ARV.