My strategy is to rent out my current property to students by the room this GSU fall semester.

I am graduating December of this year (possibly in May depending on if the job will give me any incentive for taking an extra semester for learning big data). 

I have lived in Memphis most of my life and I am currently in my last semester at the University of Memphis.

THis will be a student RentalPurchase Price 113kRehab 15K5 Bedroom, including third story finished Attic (2800 Sq Ft)Rent $2,600 per semester $5,200 for year. $500 summer lease-this is around average rent for off campus house with Utilites includedExpensestaxs- $1,700insurance- $2050gas- $1,900Electric- $1,200Water/Sewer- $2,000Yearly maintance- $1,000total= $9,850NOI based on Semester Rents Without Summer leases and late fees $26,000($16,150)Purchasing Home with Primary Home Equity. 

owner has not rented it out this semester due to do some rehab, actually did most of the bathrooms and they are in good shape, carpet is awful, needs paint, kitchen cabinets and better lighting. lower level apt needs gutted due to toilet leaking from above. here are the numbers:purchase price 330krents last semester avg=333/month, did not rent over summer, "I let them just leave their stuff til the next semester", my friend was seeing RED after this statement...expensesrents (if occupied at 333)=3663/monthtaxes 2200garbage =100 (actual quote from WM)water and sewage 525electrical=passed through to tenantPM=started looking, but quotes at 8-10%insurance= 300 (est.)planning on ripping carpet out and going with vinyl hardwood throughout, new cabinets in kitchen and paint, fix lighting and general clean up. plan to get rents up to 500-550 month, lease term 1 year. interviewed PM and he said they take one month's rent for placing a tenant, is this typical?

My current work schedule makes attending local meet ups difficult but I would like to use vacation time to attend at least 2 meetups by the end of the semester.

I have students that when they get their financial aid at the beginning of the semester they pay for 6 months of rent.

I am also taking online classes paying thousands of dollars every semester on a degree i can care less about which is really not gonna change my salary it will probably drop it if i decide to use it.

That’s due to semesters obviously.

I get no financial benefits and our daughter has 1 semester left in college.