Hi Alan, I've answered this Q at length in other threads, but suffice it to say, unless you find a STEAL on a move-in ready home, or a reallllly good deal on a flip AND can bring it to code, what you call student rentals are not likely to cashflow in city limits.

They do not provide an accounting of your cash flow, re deposit uncashed checks, etc  they will not honor checks after 90 days ( normal procedure) but will not credit your account either  you must pay a $50 fee to stop payment & have $ put back in your acct .  

@Allan SmithHave you had issues or concerns with giving out the lockbox code for renters to see the unit?

.- Code becomes a bigger and costlier deal -- all of your properties will be squarely considered commercial and NOT residential, so when you pull permits to do substantial improvements you'll *get* to install a sprinkler system, etc- (speculation here) More susceptible to property tax hikes As for me and my house, we have chosen to buck the conventional wisdom and stick to SFR and small multi's (doubling down on what we know and are skilled at) until we can jump to more sizeable mutlifamily properties.

I have used them on occasions and they are honorable. 

I got the lead from mailing postcards to homeowners who had code violations.

If the property is permitted to have 3 units, then you have to consider finished ceiling heights, window sizes (unsafe to have "basement" sized windows for an apartment), flooding potential, placement of the mechanicals, size and nature of the entry, whether or not there are 2 ways to exit and a number of other practical considerations and considerations dictated by the laws and codes of the area.

Post-Closing Access After closing you should receive all keys, access codes, garage openers, etc. to your new property.

We made sure the GFCI's in the kitchen and bathroom were up to code and work correctly.

I’d be happy to give you my opinion if you DM me the address.You do have to honor your contract with the listing agent, unless you can convince them to voluntarily de-list it and give you some sort of release from the contract.