I am a 20 year old college student. 

If the asset fails to produce, the debt is still the bad part that will bankrupt you (i.e. see student loans again).  

The people already living there and unemployed has gone down by 30 BP.I'm no nobel laureate but I am seeing a lot of new people from the northeast and students staying after school ends, so this makes sense to me.

I'm a student for life and am always happy to hear advice from anyone.

One of the students that I’m training brought me a deal.

I am a student of the real estate world eager learn, grow and do my first profitable deal.

I'm thinking that since i'm geared towards renting to students, it shouldnt be a problem because there are universities nearby.

I've also come across a local mentor that does a lot of student rentals in this area that is willing to help me manage this property and get some experience.  

I was a student at the time and I was impressed by all the rentals available near UCSF, UOP, SF State, USF, et cetera. 

I don't have any experience with investing in student areas, but that would be another angle to check out.Do your homework and get realistic rental numbers before buying anything - that's true of anywhere, but I would think especially in Spokane because until recently, home ownership was so affordable, that renting wasn't a desirable option for most people (except students as I mentioned), leaving a potentially small tenant pool.