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    • The taxes are high
    • Extremely high turn over rate
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    • Very low vacancies because people are always looking for affordable  housing.  Also with the foreclosure rate as high as it is, many people are returning to renting.
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    The student housing challenges are:
    The rewards can be:
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    Let’s talk numbers: Property A  and Property B
    Property A is a two unit building with three bedrooms in each apartment:
    1. cost $30k
    2. rehab $10k
    3. monthly rental income $1300.00
    4. monthly expenses (taxes, water, maintenance, mortgage) $725
    5. tenant headaches and incidents $$$priceless
    6. monthly net $575.00
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    1. cost $175k
    2. rehab $30k (rehab to update the units, purchase furniture, appliances)
    3. monthly rental income $3900.00
    4. monthly expenses (tax, water, maintenance, mortgage) $1475
    5. tenant headaches and incidents $priceless
    6. monthly net $2425.00
    7. annual net $29100.00
    Rest in Wealth  . . . . .
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