From what I've heard, it seems like a solid area to invest, considering the steady rental demand and quality of tenants, among other factors.

No way to get to legal code,,,too narrow,,, too short on headroom...Aim was to make "better" and it has,,,greatly.Been wanting to do this bucket list improvement for 35 years,,,finally had the brainstorm to design and DO it!!!

Disregard - I finally figured out how to add the time factor into my formula.

People with a lot of money still like to work they just do what they love and enjoy as money is not the primary factor but secondary at that point.First thing is take a long and hard look at your budget and what money comes in and what goes out monthly.

It seems folks commonly either over or underestimate the opportunity cost of their money.Figure out what your most likely return is and decide whether it's worth the risk and hassle factor of rehabbing and managing the rentals.If you have questions about projected expense items in the student rental sub market in your area, someone else on BP can probably comment for your area.3.4% owner financing would be pretty killer.

)Not all Investors are the same, and to me, finding the right way to make money is just as important as any other factor.  

But in that case husband and wife want out and away and time is a bigger factor than money.

The exit strategy is a key determining factor for most hard money lenders on whether or not the loan is doable.

"Three factors drive Houston's economy - the price of oil, the value of the dollar, and the health of the U.S. economy.

I would make the decision based on 2 factors:1) If you don't flip it, do you have enough cash to continuing investing in real estate?