I wasn’t too sure about the wholesaling thing, it’s just something I came across and I know CT house prices can get pretty high so I wasn’t sure how things would play out, especially for a beginner.

PercyRegarding his aversion to debt, he shared a few horror story situations that his father and uncle got caught in and as a result has chosen to play it ultra safe. 

You do see some new small MF going up in some of these areas, but I really never have gotten a good idea of what is really going in where.So I had a bit of downtime to play around, so I fired up Redfin and just played with some parameters. 

I realize these estimates will play into the CoCROI which is likely to have some effect on my willingness to purse a deal.

Below are the numbers I was playing with:Sales Price - $95kRehab - $25kTotal investment - $120kARV - $150Cash out Refi (80% of ARV) - $120kAs you can see my margin for error was slim to none.

Turn-over will be high, and you will need to market your property during the start of each semester as vacancies happen.This is just a few points, I just realized after typing these I can play the pros and cons game all night lol Students are a lot of work, but they are worth the return if you don't mind actually being a part of your "empire"

always wonder if that street name played a part of their deciding where to land....

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This will be a value add play and a long term hold.

@Robin Morales I haven’t, it could be a good play but I personally went with the downtown bet.