However, the risk with renting to students is the increased operating expenses that come with constantly maintaining the property which will cut into your cash flow.

All of our homes are very nice and we keep everything maintained. 

The reason I am looking in these areas is because I work in Brooklyn, first exit off the Verrazano Bridge and I would like to maintain a decent commute.

I sold the property two years after I bought it for an additional 30k while maintaining positive cash flow from the first month till close.

Any ideas on how to proceed with security deposit if you have no idea what the condition of apartment was prior to purchase and damage will likely be the result of wear and tear as previous landlords did nothing to maintain apartment tenant has been in for 10 years?

Hi everyone hope all is well.I built a new house 8 years ago and have maintained it super nice (still looks like new).

The billing model incentives are counter to the best interest of the property owner; There is a financial incentive for property managers to churn units rather than address tenant problems.Most of the "professionally managed" properties I look at to buy are not nearly as well maintained as owner operated buildings and the work is shoddy.

It's based on a lot of factors, such as amenities offered (i.e. fitness center, clubhouse, swimming pool, etc); costs to operate/maintain common areas (i.e. landscaping, electricity for common light fixtures, gates, repairs to roadways, parking lots, etc); cost of any insurance that's required; size and age of the property and infrastructure; planning for future capex projects for the property; etc.  

I was trying to maintain owner financing and not an outright sale. 

Calculate how many hours it takes to maintain your property.Before you make your decision, make sure you know all the figures so you can make the best informed decision.