Student Rentals in Newburgh,NY??

[Jeremy Gonzalez]

Hello BP community,

I'm working on an investment property in Newburgh,NY that was listed as a 2-family but has only one kitchen, 1 gas meter, and 1 electric meter.  I've been hearing good things about the cashflow potential of student rentals and I'm beginning to think this would be the best use of the property.  Does anyone here have any insight to share about off-campus student rentals in this area?  My concern is there is only one private college nearby and I heard rumors that the school only allows seniors and grad students to live off-campus.  Before I go ahead with renovating and furnishing the house for students, I'd like to better understand the market.

Any information would help.

Thanks!