It also stays off of your personal credit/DTI which will help you as you live your life outside of these properties.Those will be a specific set of lenders that you will want to look into as many of them have different requirements that you would have to adhere to, but overall much more of a simpler process than your conventional lenders, while being a couple of points higher in processing. 

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

Then of course depends on your lifestyle and where you actually live some places are much more expensive to live than others..

There's always the more expensive reverse 1031 exchange but need to be able to purchase on the front end before selling. 

(think guest house or apartment above the garage)Financing the Next Property: FHA loans require as little as 3.5% down.

I was using Stessa before but it didn't allow you to account for other income and expenses, like salary, groceries, ect. 

It seems most banks now are requiring a PG (which means using your EIN and SSN) for most lines).

This is something to budget for when considering this type of rental.Management Intensity: Managing student rentals can be more hands-on, requiring stricter lease agreements, regular inspections, and sometimes dealing with noise complaints or other issues.Seasonal Vacancy Risk: There’s a risk of vacancies during summer months unless you find tenants who stay year-round or offer summer sublets.Zoning and Regulations: Some college towns have specific zoning laws or regulations regarding student housing, so it’s crucial to be aware of these and ensure your property complies.Tips for Success:Proximity to Campus: Properties close to the university are more desirable and can charge higher rents.Furnishing: Consider offering furnished rentals as students often do not have their own furniture.Strong Lease Agreement: Have a robust lease agreement that includes clauses for damages, noise, and other common issues.Hire a Property Manager: If managing the property becomes too time-consuming, a local property manager with experience in student rentals can be a great asset.Overall, student rentals can be a profitable investment with the right management and location.

Finding the deals requires some savvy marketing, and sourcing methods.

Probably cash flow or break even often requires 30-40% down.