There's a lot of guru-ish language but he gives excellent pointers about what factors to look at and how to determine what cycle a given market is in.Be careful to avoid analysis paralysis.  

When you made the offer to buy contract you included language that gives you the right to "assign the contract" at or before closing.

.- Young migration- New jobs and industries moving in- Business friendly environment- Near other areas that have grown recently- Good schools, universities, or another story for attraction- Cash-flow, gotta make your numbers in the meantime.

Hi, We own a 19 unit Townhouse property 0.6miles from Memphis University.

Accounting is the language of business, to speak clearly about business we express many values and monetary functions in accounting terms.

I also strongly recommend you add language that:a) The option rent will never be less than the preceding rent, b) The rental increase calculated with the CPI will not be less than $x.xx (what we call a floor).

I'm thinking that since i'm geared towards renting to students, it shouldnt be a problem because there are universities nearby.

I truly believe it would sell for $120K if not more when it is fixed up.Since the property is so close to the university here, it will make an excellent buy and hold rental investment. 

They only built it a few years ago, and my mom said that it was being talked about as far back as 1974 when she moved to Spokane originally.There are also two community colleges, Gonzaga University, Whitworth College, and satellite campuses for WSU and I believe EWU.

I was typically trying to focus more in and around Clark University (within a 0.75 mile radius) but it seems I need to explore other areas in Worcester.