Emotion is the enemy of wise investing.

Would it be wise invest into something directly across from a complex like that?

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I would not have been doing my job if I did not charge the tenants for clogging the commode.I had one tenant file a complaint because we did not approve his application even though he was currently going through an eviction.Just had one applicant the other day place a bad review on yelp saying how she has this great rental history, when she is not on the lease agreement and the property management company will not give us any rental history on her because she is an unauthorized occupant.It is probably wise look at the BBB and Google reviews but you have to take it with a grain of salt because, it is usually owners or tenants that are unhappy that take the time to post negative reviews even though the management company has performed flawlessly under the agreement.I know one top property management company as an F rating on the BBB even though they are a good management company.We currently have an A+ rating but that can drop at any time is the BBB does not look at the validity of the complaints they just go by the number of complaints.Again, I believe the best way to find a good property manager is to seek a property manager out and has invested in advanced training and education and has attained designations, usually they also have years of experience.

:You surely have some more homework to do....Kudos,Mary So inform us oh wise one.

Is this possible time wise with a students schedule?

@Jacob Knowles welcome to bigger pocketsI would also include a percentage for CapEx for future major expenses (roof, boiler, ac)And it would be wise to include a percentage for property management even if you manage it your self.I use 10% for capex and 10% for property management It will change your numbers but it will be safer for youBest of luckSteve

I think you are very wise to start out with an experienced partner.  

It's never wise to chase yield. 

Like James Wise said, you may need collateral to satisfy an investor.