Prices are pretty high in St.

Their book value is low, but their value as a rental is high.

My goal is to make a well-informed decision that not only helps with my mortgage but also provides quality housing options for locals or students in the area.Thanks in advance for your help!

Seems a bit high. 

Anything more will be high in fees

U did not comment on the high priced markets compared to low price markets ?? 

Work on Your Image/CredibilityGet a website.

I see that choice as high risk.  

So lots of experience both good and bad.from my point of view seller carry back IE seller owns the property free and clear and wish's to owner finance.. this can be pretty safe in some states high risk in others.. whats the difference the difference is foreclosure time lines.

The appreciation for the property is definitely going to be long term and not short term, so selling now isn’t ideal.The property manager agreed to market it as a medium term rental, so we’ll try that, but it's new to both of us, and it seems like it would have to rent at $3700 to be profitable; does that seem too high to the folks here?