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Here's the typical deal for me, one I'm just doing, and it doesn't really work out using the numbers Jim suggested a few weeks ago. But I'll be positive $100/month or so right out of the box, put some cash into my pocket and since I rent to grad students, there isn't a lot of turnover.

*shrug*. The deal looks OK to me. Usually student housing commands a premium because of low vacancies, and students are not usually too fussy, so you can fix 'em up cheap. Grad students are among the best tenants, IMO.

By the time you factor in your remodel costs, your GRM is a bit high, but again given the clients that is probably OK. And, of course, you walk from the table with money in your pocket.

I would do a deal like that. In fact, I have done deals like that.
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