Greg Brastow

There are a few main things to consider when buying an in investment property in a college town. Firstly: Hire a local Realtor, they always have superior knowledge about gross income numbers, highest grossing locations etc. Secondly: Consider looking slightly outside of the normal "college rental" areas and you may find some hidden rental gems. Thirdly: Do your due diligence on the area as a whole and be realistic with your rental income expectations.

This really depends on your market. I recommend contacting a local agent to get some details like: Average days on market for your price range. Also you can enter into whats called a "contigency contract" on your new home which will allow you to walk away from the new purchase if your home does not sell.