Andrew, good point, the current tenants are students(7 students) and paying that amount but the house isn't in great shape(they also pay all the bills).

This is not a shameless plug, but one of my students in Tampa recenly assigned a contract for $26,000.

I will be moving out in a year though, and renting to college students so we'll see how wise my carpet idea was.

She would have to go through the foreclosure process as a lender.I don't think this particular situation would be ideal for a new investor to break into the business.In my mind this could be compared to an elementary student attempting to take a high school or college course.

My wife is a third grade teacher and she feels like she has 26 kids, including our current 2!

I own a small townhouse that I rent out to college students for the last 2 years.

I know of a real estate guru one of the mid western states is after because a student misunderstood and misapplied his program.

If you mean Red Rocks, that doesn't really count because that's mostly commuter students.

I am a Special Education Teacher and am beginning a real estate business.

I have a rental house I rent to college students and the students went home for the summer.