Have you looked in the SDAT database to see if the person you're speaking to is actually the owner?

The two schools we narrowed it down to is Ohio State or University of Florida.

Also, who do you plan to market your rentals to? I

Nor is it something you need to be tied to. I

Less flexible than his situation, however, if I had to I can catch a plane relatively with short notice to attend, for example, an eviction.

People are looking for accommodations they can safely walk to).I know it isn’t a “typical” market, and the house might not go up in value at all.. but the numbers have always made sense to me.

I am not pressured to get someone in right away but of course I would like to. I

Normally "creativity" gets you a few % at best, so making a deal go from 12% - 15% would be great, but 1%-4% isn't so hot.There is something to be said for experience, so I understand what you want to do, I just can't get behind basically no return and all you have to look forward to is potentially equity.  

I put $500 and a month's mortgage payment into it and got $25,000 down from the guy I am selling it to. I

Another route we're open to is owner-occupied loans, but of course those have their pros and cons as well.