What's the business environment?

Students are not a protected class, so I want to confirm if we can accept the rental application only from medical students here in New Jersey.Does anyone see any problems with such approach?

the home is in NJ. it's probably what most would consider a C class area. the tenant is an older school teacher that lives by herself.

I purchased this c. 1875 building in September from a slumlord for $520,000 ($43K/unit) and began what I knew would be a serious overhaul to double rents from $700/unit/month to the going market Class B+ apartment rate of $1300/unit/month. 5 months and $250K of rehab expenditures later, the building is completely re-wired and the 12 renovated units are tenanted at rents meeting my projections.

Pick a solid B-Class suburban area.

What class of neighborhood would you consider this?

Pick a solid B-Class suburban area.

Seasoned investors are going to look at a retail property or other assets classes and as part of DD look at what is reasonable as a history for a property and how to validate the credibility of rents and others components of a lease.

That allowed him to do college classes for his last 2 years of high school.

Lots of business moving in is creating the needs for B class rentals.