The one I’m looking at is 100k and it’s at the University of Alabama.

And lastly, Is it a good idea to do this near a university?

There is a local university that has a nearby condo for sale.

I'm 33 years young, graduated from Washington State University in 2013 with a doctorate in Pharmacy, lived in East Vancouver for 18 years and relocated to the Brush Prairie/Orchards area. 

Essentially, they provide you with a virtual address and it is perfectly legitimate (the IRS sends me documents to this address, so it's legit!).

Students still want to live in non-apartment style properties but age of the property and proximity to the university are huge factors.As far as management, make sure you speak with all companies available and that their goals align with yours.

Also network with like-minded investors virtually and locally (you can find them via local REI clubs). 

In our day and age, this can be done in person (which is still a much better option) and virtually.

I have been through every Grant Cardone training that he made in his Cardone University.

Rental market has some fail safes with a large university nearby, beach within a mile and high end tourism.