I still adhere to all the usual tenancy checks and screenings.I totally agree with the statements about looking for higher class tenants HOWEVER Las Vegas is a different market and my property is near Downtown in a low socio-economic area.The A++ tenants with college degrees aren't looking to rent in this neighborhood.I am personally dumbfounded by people who don't have a spare $1000-$2000 tucked away however my experience in the USA, what I've read and what I've been told shows that many people are living from paycheck to paycheck and don't have any savings.5 of my tenants in the USA get disability or some sort of monthly check from the government.

I worked at a preschool while attending college so this story hit home a little bit.

I've been "no shave November"ing since college.

They’re not newbies, and they probably will not need the same level of support in the transaction that you’ll find with younger buyers.”An article from nytimes.com offers reassurance for college towns.

One call to the college Off-Campus Housing office will get you all the info you need.

For the asking price, I believe that I could easily clear the mortgage payment (and other payments) with the rent and could afford the costs until it is rented out using money I've saved up from working in the past.However, the problem is that I'm currently a senior in college and due to my class schedule I've had a hard time finding a job that would work with me.

Simply meeting a local investor and shadowing them for a bit will teach you a lot more than some training program that costs as much as a college degree.Here is my question: is this even legal?

I've soaked up more education on this site in the last few years than I ever did in my college career. 

A private Christian college is only 6 blocks away.  

Oh my strategy is to buy and hold, and get a decent cash flow every month, and hopefully sell for a profit in 20 years or so (think college fund). :)So what would you do???