I'm a student at UNLV studying Construction Management and Real Estate.

A friend of mine did one of these while a law student as part of a clinic.  

This question to myself I thought well yes, it may take some time not knowing how long the other properties have been in foreclosure and there is the possibility of others going into foreclosure as well.It's an area that does rent, I think it's a higher student rental.What is your take on this for those well experienced in the business of foreclosure?

This home is near a college campus so I figured utilities being included is something typical to college students. 3.

You might consider Niche or Specialized Housing like student housing.

Take a good look at student housing see below.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

My wife and I are a bit risk adverse and have some personal debt (student loans and car payments) we are also looking to manage.

Most newbies in real estate are getting better returns than the expert CFA (Chartered Financial Analyst which you find on wall street) on a yearly basis.I am a Finance student and this is what I study all day long. 

You can use student loans to help with or cover the down payment of a house for you to live in and can rent out the rooms to friends.

I read somewhere where someone used student loan money to buy a property.