Rental Properties Near Universities

[Jacob Vavra]

I am just getting into REI and have my eye on a few foreclosures which I would turn into rental properties. The properties are near local universities. I feel that it may be easier to find tenants for these homes but the tenants are less likely to be long term and may be harder on the property. They may also be less likely to pay rent on time. Does anyone have any insight to the differences or risks of college town rentals vs. properties not around colleges? Thanks in advance for any words of wisdom regarding this issue.

[Nicholas Miller]

Students are great, normally they can pay several months of rent with student aid money/grant money/parents money.  They are normally collectable so if they destroy the property you sue them and send them to collections...