A few can do higher leverage with lower experience (1-2) however you will need to have a high FICO (usually 740 or better) and it will need to be a light rehab. 

@Marco Bario runs a reia in MD that I highly recommend

Some investors are shifting to markets where numbers still work for cash flow, while others are playing the long game with breakeven properties in high-growth areas, banking on appreciation and rent increases.I think it really comes down to your strategy: do you want immediate cash flow, or are you okay trading that for location and long-term equity growth?

Looks very promising as a way to make an asset generate high cash flow.

Does anyone with experience with college rentals or any similar type of rental have any insight on whether there is high demand for this type of housing at USF?

My goal is to get a high likelihood of approval at 1 one year or longer of financing to allow me to refinance after cleaning up credit and completing some bookeeping/tax corrections to better qualify.Property would be purchased through LLC based on a 1031 exchange where I completed the sale and now need the replacement property. 

The agent may have advised them the price was way to high but the owner insisted on listing it there.

Unless your adding value, with the end result of jacking up the rents pretty high.

That leaves me with roughly $1,564 sitting idle each month—not earning anything.High Yield Account option examples:Robinhood Gold Account - earn 3.75% APY on cashSoFi Online Bank Account - earn 3.8% APY on cashCIT Bank Platinum Savings - earn 3.85% APY on cashAmerican Express High Yield Savings Account - earn 3.5% APY on cashAxos Bank Axos ONE Savings Account - earn 4.36% APY on cashI’d love to hear how other landlords manage this.

The high rates are still a risk with a FRM though, so if rates are high after 5 years, I'd be stuck with the PMI from the FHA.Please let me know what you think and if there's other things I'm not considering.