@Jestin Sorenson Debt service is going to be around  $33,800 depending on your buyers loan product.

Depends on the square footage.

This would be a great thing because depending on the needs of the seller, 25-35k could go a long way(They'll most likely want a decent down payment if they're going to carry the contract.) 

Depending on the student demographic they can destroy your rental so make sure you have the right insurance

However, this is subject to change depending on which market you operate in.

I would direct you on specifics depending what are your major concerns; access to schools, work, equity etc.. 200K is a good average.

I agree with Mike - I think it depends on the exit strategy.It feels very tight for a flip, even using Subject-To to finance it.It might be a good rental  or seller financed opportunity.   

you really don't provide much info but in a nutshell it is possible to structure a contract for tenants to stay or not. all depends on the end game which you never mentioned.

And depending on how he deals with them (whether he tries to handle the claim himself, or hire a Public Adjuster, which I recommend), settlement amount can range drastically.Depending on the extensiveness of the damage, most of the time, Public Adjusters are looking out for the insured's best interest, since they work on a percentage of the proceeds, so they'll point things that need to be remedied to the insurance company, that the homeowner will have no clue about.

A bank is very strict and the deal has to fit in this “tiny little square box “ but land contracts allow for infinite options with less down and sometimes no interest at all .just depends on how bad they want to sell