Most that go to pharmacy school already have a bachelors, and it’s a more mature demographic than your average college student, as it is a doctoral level degree.

I've identified a potential growth area that is in a rural situation with potential growth with highly educated students and staff. 

and just wants to get rid of it.I have college students fighting over the house I am working on now and could put 3 of them in this house probably on a 2 year lease with 2400 security deposit.Possible deal structure; $5,000 downpayment on lease option for a purchase at 90k in 5 years.

Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.You might consider Niche or Specialized Housing like student housing.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing.

We are in Hampton Roads about two weekends a month between family, real estate and business interests there.The market is very investor friendly as many are looking to rent for a variety of reasons (military, students, recent relocation, etc.). 

Looks like enrollment is about 9,000..there's got to be some other students interest in real estate there. 

Why invest in student housing over traditional larger multi-family units ?

Pay off credit card and student loans before investing.

(Black kitchen appliances.)Located in middle-class to upper-middle class areas.Property appeals to the masses (entry-level professionals, college students, seniors, etc.)Class C: Generally more than 30 years old Little to no amenities (for example: no washer/dryer hook-ups inside the units, window air conditioning units/no central AC, white kitchen appliances)Located in stable middle-class, working class, or lower income neighborhoodsBlue collar and entry-level professionals, college students, seniors, some renters who receive housing subsidy (*Sec. 8)Potential for stronger cash flow than Class AHigher maintenance needs than Class A and BClass D: Generally more than 30 years old No amenitiesKitchens and bathrooms look very old ("Harvest gold" kitchen appliances)Located in areas that may have high crime, high unemploymentGreat cash flow if purchased at a low price, but there is little chance of appreciation