UofH grad students in residence) so there is not much managing to do.

This was the moment when it finally dawned on me that experience is the best teacher.

@Dean C.I had a woman come look that was a teacher, recently quit her job but said she had 'a lot' of savings to pay rent.  

Also what form must these visiting students have from the government to confirm they are here legally? 

Rent is $400/bedroom for 2-4 bedroom homes rented to students.

The most important things for you to do is to get some good training, be consistent with your lead gen/prospecting time, and the have the student mindset, always evaluating and getting better.  

You might consider Niche or Specialized Housing like student housing.

I had a renter who used to pre-pay for a full year, she was a post-grad student who used her student loan money to pay my rent, then had her roommates pay her monthly rent so she had stable income.

Area = B class (walking distance to a private university; tenants will most likely be college students)Rent: $1,200/monthExpenses: Taxes = $200/moInsurance = $125/moMaintenance = $100/moVacancy Loss at 5% = $75/mo (Asked owner to see previous leases and home has not had any vacancies for the last 3 years, but is currently vacant; lease ended 7/1)TOTAL EXPENSES: $500/moPrincipal and interest = between $400-$450 (depending on final purchase price; Pre-approved 20% down, 4.5% interest rate for 30 yrs)Closing Costs: $3,000Estimated Repairs: $0 (move-in ready).What's your max offer?

@Troy Price I'm new to Bigger Pockets but I'm familiar with Renatus (I'm a student and affiliate).