High turn over, repairs and maintenance will be higher than usual.There will always be a need for housing as student come every semester.You could rent rooms instead of the whole place.Hope it helps.

I don't really want to post what we owe on it but with the closing costs, 6% agent commission and a small buffer for requested repairs, we will pretty much break even at the current listing price.We have also had the house listed for rent for about 5 months now.

I know nothing about repairing a home.

I say "prediction" because the property will be completely vacant when I take possession.After lots of research and time looking at costs for updating (and negotiating with the seller to make some repairs), these are the numbers I have finalized on my 9 unit MF purchase, which is closing in March.

We will split the purchase cost and all repair cost.

To all of you who like 3+ BR’s: Do you find that you spend more money on repairs and maintenance at turnaround?

Do added stress and extra repairs make it not worth the time and money?

After the purchase price plus the 15,000 in repairs (that were built into the loan) we had at total mortgage of 175,000.

I figure once the debt of the loan is wiped out, expenses are much more manageable, including repairs that come out of nowhere.

My consolation on this one is imagining her managing a repair.