Places close to the festivals command much higher rates during the festivals, but much lower rates/occupancies the rest of the year (unless they are super special or unique in some way).  

You will also get to pay lease-up charges on individual rooms (leases) as opposed to a single lease for the property.On the bright side, you can normally command a higher rent when renting by the room, especially if they are furnished.  

These loans are short term, get you money quick and will fund much of the acquisition and rehab with very little down but command much higher interest rates and points (in New Jersey I'm being quoted 12%-15% with 3-5 points).

A commanding officers was actually appalled that we had  "bought" a houses (a personal).

I finally made a few phone calls and went up a chain of command and reached her boss.  

Hopefully that will allow me to command higher rates (though at a higher upfront and ongoing cost).  

Put shelving in the showers to hold shampoos, soaps and razors(Command) makes great shelving for these accessories(Command Shower Water-Resistant, Clear Frosted, 1 Caddy, 4 Strips (BATH11-ES), 4.8 x 11.3 x 6", https://www.amazon.com/dp/B00H... ), makeup mirrors. supply in the kitchen anything that you would use in your own home. 

In general there's a huge rental shortage so you can sometimes command greater then what you might consider market rents both short and long term.   

Obviously closer you can buy towards campus, and downtown EL, will ensure lower vacancy and command higher rents.  

If it proves to be a deal is yet to be decided, based on the tenants the property attracts, the rents it commands and much, much more.