You need to educate yourself on the rehab process and have a feel of how to estimate rehab costs. 

I have a very successful and profitable business in student rentals and will provide the buyer with the information and guidance to make this property an ongoing financial success, including advice after the closing if wanted.Estimated Financial InformationPrice$164,000 Monthly Rent2,520 Annual Rent30,240 Utilities (water)($480)Current Taxes($2,640)Repair / Maint (7.5% rent)($2,268)Insurance($1,000)Annual Operating Income23,852 Closing Costs5,000 Mortgage (80%LTV)131,200 Total Cash Invested37,800 Monthly Mortgage Pmt @ 4.5%, 30yr($665)Annual Mortgage Pmt($7,977)Estim Net annual cash flow15,875 Cash on Cash Return42.0%Gross Rent Multiplier5.4Cap Rate (NOI / Price)14.5% So here is my question:Is is reasonable to rent student housing for 12 months a year?

@Peter Appla a good site to use to estime rent is www.rentometer.com

I put 7% for these as an estimate because the property has a newer roof, new boilers, and does not have a septic system.

I am using private money to fund the deal and would repay once the refinance portion is in place.2 Bed/1 BathOffered: $21,000 all cash, no inspection contingencyClosing Costs: $1,500Taxes Current Year: $1,800Needed rehabs(Estimated): - Fix grade issue $300- Demo and remove patio $500- Demo and remove moldy drywall in basement $150- Repair basement cracks/seal/paint $500- Dehumidifier $300- Paint interior $300- Paint Exterior $200- Add/repair downspouts $500- Replace boiler $3,000- Replace siding on carport $400- MISC Electrical $350- MISC/Oversights $1,000TOTAL Rehabs: $7,500ALL IN TOTAL: $31,800Comparables in the area are around 45k-48k on average.

I would estimate about 5 hours per week if you have contractors doing the majority of the work.5.

Scott's book on estimating rehab costs.These are just tips so you can make the best analysis of the deal and a solid presentation to potential partners. 

When we lived in the house it was about $900 and the estimate for 6% has it jumping to $2700.

Estimating a $45 maint service call over the next 5 years = $225.

It doesn't even have ductwork yet which is why I am estimating around $6k or so.