Plus, at the current moment, you're likely to get into some bidding wars with buyers who develop an emotional attraction to a home whereas you should solely focus on the numbers behind the deal.

I think a lot has to do with culture of the school, if its is a known party culture and known for the their "great times' then you are going to most likely incur more damage to your properties.

These concerns - credit ratings, inflation, interest rates, wars, recessions - don’t mean you / businesses should suspend all risk-taking.

I've lost bidding wars where I've offered cash and over asking price on a good deal only to find out the winner offered less than me.

As Russel hinted at when mentioning his friend Marc, FHA approval means a broader pool of potential buyers, which means more people to bid, more significant bidding wars, etc, which will tend to drive values up (the inverse is also true, nothing kills values in a condo development faster than NO ONE being able to get ANY vanilla mortgage on it, which happens when the HOA leadership totally drops the ball). 

See also: https://www.biggerpockets.com/...If you also want to hear war stories, I have a few...Regards,Charles LeMaire

An investor bought it for $680,000 (bidding war with investors) and it rented out on Zillow for $3600 a month (after the rent was lowered from $3995).

It's like a quiet civil war of values that has erupted. 

It also boasts a rich cultural scene, with a wide array of cuisines, art, and music.

There is different culture in each park.