Yes, it is the best return on your money, but in my experience as a property manager, most people just starting out get more traction if they start in a safer - class B - neighborhood. 

Flipping is faster and can generate higher returns, but it is an active process and a job.

Drew,I would definitely increase the maintenance and cap ex both to 10% for another 55 each a month, still will have cash flow of 271 a month and is still great cash on cash return Greg

Hi All, Bit of background: I was in the states for a while in 2015 in Detroit learning the market did a bit of wholesaling etc.I returned to my home country after 3 months due to personal reasons ( I really wanted to stay in the states as I have a passport so no issues).

For costs on this you should easily be under $100/mo.

@Scott Carrillo what's your goal here from a return on investment perspective?

I invest in VT where I'm originally from, as the prices are much lower there and a better return on the money, IMO.Welcome to BP!

I have some financial info on the tax return from 2015 from the landscaping but it is minimal.  

The students would just be sending rent checks to a different address, and it wouldn't really affect them.My recommendation would be to invest in whatever property the numbers make the best return for you, and focus on supporting students in a way that will have a bigger impact on them than being their landlord.

I bought it all cash, and below you'll see the details:List Price: $60,000Purchase Price: $51,500Wholesale fee: $4,000Closing costs: $1,083Gross Rent/Month: $300Lease term: 10 yearsCoC Return: 6.4%Again, not the most attractive numbers, but the tradeoff is that the property management company will deal with tenants and maintenance, and I'll have constant flow of cash for the next 10 years.