He wants to move out and offered to sell me the condo so I could rent it out, possibly to college students.

lol I only pay for utility for student housing, and even then I feel pretty bad about it, but it's the way student rentals are done in that area.

I have student loans out and only have a co-op (internship) that rotates every other semester, so would a bank even be willing to loan to me?

I am also an up incoming Pharmacy student at Binghamton University's new pharmacy school.

Currently, I am renting to Southern Methodist University Gradute students.

It is currently rented to SMU graduate students, and it's cash flowing about $100/month.

I have about $40k in student loans that I am paying off. 

Purchase price 900,000- 18 units (12 are 1 bed , 6 are 2 bed)- cap rate 10.4%- Gross rental income ~140,000- NOI 83,600The first one is near a major college campus, so tenants are most likely students, the second property recently reached stabilization.

If you are interested in student rentals then I would suggest parts of West Philly or areas by Temple.

He can’t invest money down now because he is dutifully paying off his wife’s student loans.