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.

I'm still trying to learn how to play with the numbers, at this point that's my next main goal!

Most real estate agents are high Ds and will do the relationship-building (if they are not the lazy kind of agent) part, but can also have trouble playing on the team.