The cost would be a lot higher but you pay for a better location.

It does help alot!!

A lot of student rentals even here in an extremely tight market are offering concessions like free month (or $250 off), free wi-fi, free tv or whatever at this late stage in the season.Advertise in the school common area, near mailboxes or whatever in addition to the standard ways.This certainly doesn't happen to everyone so I hope it hasn't discouraged you from investing @Jem Jacala!

I like the area, and there are a lot of good deals there.

Thanks a lot for the knowledge!

You will find a lot of great information along with good and knowledgeable people that are willing to answer any of your questions.

In order to build wealth and make money work hard for me,I am thinking about how to use the equity I build.After I purchase the property,if the refinance LTV ratio is 70%,the value of property should increase about 40% to refinance all the capital invested in the property.And if the property appreciation compound annual 10%,it need take more than 3 years to get 40% increase.If the property does not appreciate a lot,the refinance does not worth it at all.So I need to use the capital I invested in the property more than once,I need to choose the property which has al lot of property appreciation.Anything wrong about my math?

Cost of clearing a lot, etc?

If your rental is located on a back street that doesn't have a lot of traffic, you may be able to use a bandit sign on a close by busy street to alert passer byes that a rental is available round the corner, or something like that.

I work with a large group of investors in the valley that have a lot of experience that can get you going in the best direction.