In regards to tax benefits, I would recommend talking to a quality CPA in your area.Robert Leonard

I would consider $750 - $1,000 per room as a deposit.This is all based on assumptions because I don't know your actual plans, your experience level, the quality of students (Harvard Med vs.

If you're still interested in having your land leased, then feel free to reach out and I can help put your land to excellent use.

Can anyone point me in the direction of a quality online review course? 

My credit is about 660 however potential partner has excellent credit and two rental properties. 

So when I say relative, I mean the type and quality of property is a factor.The 1% or 2% rule doesn't take into account expenses or condition of the property, so it is not a complete metric.

I do screen heavily, but fear that with less expensive properties it will be difficult to find "quality" applicants that can pass screening unless I greatly lower standards.  

My best tip after you identify potential target markets is to start by finding an excellent property manager--during your interviewing process, you will also get educated on the area and what to expect.

In this market, excellent deals are hard to come by. 

Looking to start investing as a way to generate semi-passive income in order to increase my quality of life and spend some more time with my family.