If you don't have a lot of people that will buy there I would try to feel that out and the areas people want to figure out the best marketing plan.For example I'll buy in NH too.

@Aaron WesterburgSounds like you've got it figured out pretty well to me.

Vacation rental owners will tell you that in most cases you can bet on renting your place 17 to 24 weeks a year, so you need to figure your profit on that.

Here is one that is currently for sale: http://www.zillow.com/homedetails/376-E-Varsity-Ln-Bloomington-IN-47408/94516448_zpid/ I figure it will be easy to rent near campus.

There are plenty of people on BP that are from there and can maybe help you figure out some strategies.Most people want full retail, or more, for their properties.

@Jeff Kennedy I agree, it sounds like you have a small bank changing its business model to stay away from compliance issues, at least until they figure things out.Let's back up.

I figure it is helps me, could be helping others as well.

I do hope to venture into other types of investments down the road but I figure I should probably learn to walk before I try to run...

First the rule as usually talked about here on BP is 2% of purchase price (or all in price) not mortgage.Once you figure the % that works for your market and personal needs and goals then you can use it as a screening tool.

Hi, first, look at it, then run comps, run the numbers, determine rents, estimate repairs, if it's a flip figure in profits, holding costs and 2 transactions.