I attended Temple University in Philadelphia, PA and found that landlords were making a killing on renting out to students. I think the key to this whole equation is to find a place where home values are low (like the area in N. Philly where Temple U. is) and buy up a bunch of properties to rent out to kids. Students are going to be a lot less picky with aesthetics, which will ultimately give you a break as a landlord with the kind of money you will have to put into the property.
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