Louis or another Midwest city, due to the high cap rates and strong rental market.

Right now the national cap rate for a student housing deal is right about 6%. which means there is a TON of cash to be had within a student housing purchase.

Maybe I'm confused and don't understand the mechanics here, but let's say I do a CSS on a 10Mil property (with, let's say, a rather good these days 5% cap rate...which will produce 500K in NOI annually) which gives me 2Mil depreciation in the first year...I will offset 500K, and I will have to bank the remainder 1.5Mil for the following year(s). 

I like the search features: https://www.biggerpockets.com/searchThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides

The goal is to get them on your CAP (client appreciation program) and then DO it consistently, even if it's just once a month, send something that shows your expertise and also that you're a decent person.

I know the different in mortgage and expected rent is about 450$ and I know I need to put aside a decent percentage of that for repairs, vacancies, cap ext, etc...Basically, I'd like some suggestions on how ya'll would keep tabs (numbers, metrics, etc) on this property to ensure that it generates positive cash flow and doesn't turn into a money suck.Thanks in Advance, Charlie  

That will give you a good idea of the price, cap rates, etc. 

I didn't even think about cap ex that way but you're right.

Hi ,I have a need for property manager in Santa Rosa CA, I have a house to manage and I am looking for someone who is an investor and have some knowledge about rent cap and price gouge locally in this area.

The cap rate is low but it is almost 1% rule.