Current new build numbers aren’t even where they were in the late 90’s and that drop in building is clearly starting to show up as an issue as our population growth didn’t stop during that time.

If you miss getting it rented come August.... it can possibly sit rented for at least half the school year if not the entire school year as students are only shopping for a place to live at the beginning of the semester.2) While it may seem far fetched now to think student rental supply will far exceed demand, colleges across the country are seeing stagnant population and decreasing applications. 

Population growth, median household income growth, median home price value growth, job growth, crime stats, and tenant turnover rate. 

Rapid job growth and an increasing population.

Buying at a 9% cap and financing the purchase with 5%-6% debt still leaves you with a healthy spread which should result in a decent return.As next steps, I recommend asking the broker about the items above, obtain a rent roll and income statement for the past 1-2 years, and visit Best Places to review the population size, avg apartment rent, median home price, and unemployment rate in the metro area.

I'm from there, and my only concern is that it's a military dependent town, so when the Army is shipped off somewhere, that affects the population.

I know for our market the MLS sold data populates to Zillow so that info is normally pretty accurate. 

The real details were 2 acres so 500k an acre and it was a hard corner with red light and high traffic counts in a strong suburban area for population and income levels,etc.    

Matty, my bank is in a small Texas town with a population smaller than most peoples high school class. 

What does population growth do for property investments?