Both of them were run through a mortgage broker I utilize down here in Raleigh.

Hello Mark,I have not utilized either program but I would recommend talking to Kymn Harp at (312) 456-0378. 

They do one deal at a time and utilize their own capital to move from one to the next.

Like a good chef who can take any cut of beef and serve it up in unlimited numbers of ways, a good investor should be able to utilize and possibly spread around any of those house parts to find a solution. 

They are light enough to blow around a bit, but too heavy to blow off the property.  

I first got the erge to do this when I bought my own home and rented out a room to a friend I basically payed for utilities during the first 2 years.

I work full time and live in a duplex where almost %100 of my living costs are covered outside of student loans, utilities and food.And if I follow what you are saying; this is the only deal I have in the works right now.

Even after the eviction process is complete, you or whomever you hire to complete the eviction for you may need to utilize the services of a constable.  

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?

When they leave we will raise rents to total $3,900 or $4,000Monthly Insurance: $194Management fees: 10%Utility costs I will have to pay per month: $391Using the bigger pockets calculator, I'm not exactly sure what to include there for vacancy rate, repairs/maintenance, and cap ex.