I am 23 years old and just graduated from the University of Memphis this summer.

If they’re good, they’ll typically graduate to bigger projects and have a minimum $ amount for projects that they’ll do.

Excellent schools get people up here and then they love it.PS- I do have a nice 3 bedroom for under $400K available- tenant occupied  :) Another option is to go the cash flow route in the midwest- I have several there as well.I would be happy to discuss. 

Sounds like they've been around awhile and have their "old-school" way of doing things and may be a bit behind the times with technology and standards.Overall, they seem to be treating your property like a Class C rental.- What do you feel the Class is?

He didn't have to worry about how he'd get through school. 

In my experience A & B neighborhoods with desirable schools get people who are in better shape financially because the prices are higher and that alleviates many of the problems landlords can face.

Underwrite income first, then sanity‑check cap rates by submarket; prioritize blocks with stable schools, off‑street parking, and low renovation exposure.

This eases your school bills, puts NOI in your pocket. 

I am 23 years old and just graduated from the University of Memphis this summer.

If the main goal is affordable housing for your 19-year-old while they’re in school, the homestead path is usually the cleaner play.