All Forum Posts by: Russell Caraotta

@Aisha M. Nicely done. Great plan, stick with it. Congrats.

@Skylar Dejesus Great tenacity. A lesson for those of us just starting to get our feet wet in this new world.

@Katie Stewart Thanks, Katie. You offer some nice "adds" like long term prospect and renters insurance.

@John Mocker Thanks John.

@Will Gaston Invaluable information and experience...thanks so much. Sounds like you do the student interviewing for vacancies as opposed to a property management company. Is that right? 

Thank you! I agree re utilities...I got a glimpse at the water bill! Good idea as well re insurance.

I am reviewing an opportunity for a 5 house parcel currently used today as college student housing. $995K asking price, 31 beds, generates in excess of $111K in annual revenue. Cost of parcel not substantiated by area comps (more realistic number is $750K). Looking for input on 1) buying packaged parcels of homes as a group, 2) college student rentals, advantages, disadvantages, pros and cons, what to look out for. Many thanks in advance. I am a newbie to BP and love the site and interactions among the participants!