It was extremely stressful to go through this so please take the following lessons to heart: Get an experienced insurance agent/broker who is familiar with landlord’s policy and is familiar with the type and the price range of your rental.

The problem is, with that rent range,  at the bottom you could have negative cash flow.

How do you stack up against what else is in that range? 

I'm looking at a large (19 unit) multifamily property for college housing to buy and hold that is 750k and I love the idea of getting creative with financing but as I was thinking about hard money I realized that with...

  $100M was written in the lease by previous, well-experienced landlord and assigned to me at purchase.In my research, I have had a difficult time trying to nail down exactly what the premium difference may be from $100M to $50M but with the recent surge in prices, the best data I have so far is in the range of $750~$1k per Million of coverage.... so anywhere from ~$40~50k/year. 

If there is sufficient equity in the property you would also be entitled to be reimbursed for any property taxes you pay. 

Lots of books that you will have to buy, but they are reasonable and cover a wide range of real estate topics.

You will have the hurdle of not having sufficient income to purchase on your own while in college unless you are working full time. 

For one of my rentals, my typical tenants have a combined income of 200K-400K, a networth in the 2-5 million dollar range and 800+ credit scores.

However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI.