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?

They decide, "The lobby needs new furniture" before fixing a back-up water pump, so one day the main pump goes and boom, no water pressure.

You may have already considered this, but you might want to keep the water/sewer bill in your name.

I'm not sure how conservative or frugal you are but some of the water and electrical usage by my tenants are astounding, and I am so so glad I am not responsible for their utility bills. 

Everything in the unit (floor to ceiling) was wiped down with vinegar/water and then I shocked the entire unit using an Ozone Generator. 

A flooded basement with just 1 inch of water is enough to cause a lot of destruction.

Ice water is on the house.I'm a regular attendant at Johnson's meetup for a good reason.

Install new water heater.

So I am looking at a duplex that got water/mold damage on one side, and minor water damage (Door left open or something like that) on the other side.

Austin was named the best large city to live in, followed by Raleigh, Colorado Springs, San Jose and Seattle, San Diego.The worst large U.S. city in which to live, according to WalletHub, was Detroit, followed by Memphis, Philadelphia, Cleveland and Indianapolis.Wallethub report here - http://wallethub.com/edu/best-worst-large-cities-to-live-in/14358/