There are many much worse areas in Phoenix.The listing you pointed to is close enough to Grand Canyon University (GCU) to possibly attract students.  

I got a referral from my father in law, a referral from my brother in law, a listing in the MLS, a referral from a broker who helped us close a deal and we cold called the owner of our 16 unit.Get the universe on your side and let it be known that you are in the market. 

My day job is working in laboratory while going to school at Texas State University.

I've actually taught Financial Peace University at my church, so I'm leaning conservative also...  

I was also thinking of a rental property near a university that is dependent on off-campus housing.

The housing market was crazy cheap there and you would not think that you could get that great of rent out of the building, however, there was a rental shortage due to the University and College.

I am hoping to fill rent the units by the bed, to graduate students as it is very close to a local university.  

I am at the beginning of my journey (I'm in the process of purchasing a small property in Davie, Florida near Nova Southeastern University). 

University in North Idaho and now living in Portland, Oregon, one of the best cities for real estate!

I am a student at Colorado State University in Fort Collins, CO.