@Adrian Chu Flipping IE is a popular sport. 

Finished, rent will be approaching the $800-900pm mark.Admittedly one house we bought for $15k was done for sport.

I first got the erge to do this when I bought my own home and rented out a room to a friend I basically payed for utilities during the first 2 years.

I work full time and live in a duplex where almost %100 of my living costs are covered outside of student loans, utilities and food.And if I follow what you are saying; this is the only deal I have in the works right now.

Even after the eviction process is complete, you or whomever you hire to complete the eviction for you may need to utilize the services of a constable.  

I have a very successful and profitable business in student rentals and will provide the buyer with the information and guidance to make this property an ongoing financial success, including advice after the closing if wanted.Estimated Financial InformationPrice$164,000 Monthly Rent2,520 Annual Rent30,240 Utilities (water)($480)Current Taxes($2,640)Repair / Maint (7.5% rent)($2,268)Insurance($1,000)Annual Operating Income23,852 Closing Costs5,000 Mortgage (80%LTV)131,200 Total Cash Invested37,800 Monthly Mortgage Pmt @ 4.5%, 30yr($665)Annual Mortgage Pmt($7,977)Estim Net annual cash flow15,875 Cash on Cash Return42.0%Gross Rent Multiplier5.4Cap Rate (NOI / Price)14.5% So here is my question:Is is reasonable to rent student housing for 12 months a year?

When they leave we will raise rents to total $3,900 or $4,000Monthly Insurance: $194Management fees: 10%Utility costs I will have to pay per month: $391Using the bigger pockets calculator, I'm not exactly sure what to include there for vacancy rate, repairs/maintenance, and cap ex.

I was thinking of making rent all inclusive with rent, utilities, cable, internet, cleaning services and household common area shopping( toilet paper, soap etc).

I think a lot has to do also with how you both like to learn, I spent a lot of time growing up traveling for sports so I got used to working online at a young age and I did not miss the classroom interaction and anytime I did have an issue I just emailed them and someone would get back to me pretty quickly.

So in your example, I'm going to make the following assumptions:10,000 income (was vacant for 2 months - actual rent is $1000 per month6,000 mortgage payment2,000 HOA1,000 utilities during vacancy period6,000 depreciationOn your tax return, you don't actually get to deduct the principal portion of the mortgage payment, so your loss will be something less than 5,000.