I make about $75k working in the corp world and my wife makes about $38k as a teacher.

I'm thinking about selling a townhome....it's in nice shape and in a good area...all things being equal it should sell quickly and at going market price...however, the next door unit is occupied by college students who have a party about once a month and one of them is a music major who plays the drums 3-4 times a week for about an hour at a time, usually in the late afternoon. 

A bit of background: I'm a teacher and my schedule is pretty flexible.

From that point forward, I became a student of this industry waiting for my chance to cash out on the equity and begin building my portfolio.  

While at UCSD I finally decided that with the time I still have left to finish my degree I could be using it to gain experience in real estate, instead of building student debt. 

I started with only student debt and now I have significantly boosted my net worth in the last 2.5 years owning the property.

., and @Bill S.In my area people will pay more for their own laundry in the unit.We are a college town as well so a lot of those students will rent a house together with the intent of splitting costs, but also to have private laundry. its harder to study in a laundry mat, then your own bedroom will you laundry is going in the other room.My personal opinion is, the more convenient those things are to the tenant, the longer they stay, and the lower your vacancy.

Muncie has the college town vibes and student rental opportunities, Kokomo has high paying manufacturing jobs, and Indy has a mix of everything including Amazon distribution, pharmaceutical, government, corporate headquarters, and the list goes on.

The university has 30,000 students.

A 55-year-old heart surgeon can probably absorb a $20,000 roof without much trouble while a school teacher may have to borrow the funds at high interest.- Number of units.