I am a former Stout student that lived off campus. The rental market near the campus is very strong. If you choose a good location and treat your tenats well you will have a great investment. I really think you can buy with confidence as long as the location is right. If you have any questions or want to look at something let me know.
It seems as though there is never enough housing available for students near campus. Especially clean, safe, and affordable housing. If you have a property that fits this category, you should never have to worry about keeping it rented. A general rule of thumb when buying any rental or commercial property is that the monthly income should be able to equal about 1% of the purchase price. So a $100,000 property would need to bring in around $1000 a month for it to be a good investment. Of course there are variables in this equation but it is a good start. So if you get into the right property in this area, you should be able to make a long term investment work well for you. Good luck.
I would also recommend holding them long term.
I have some names of Management companies that would manage them for you if you are not
from the area. Let me know if I can help you!
Debbie.Bertelson@Century21.com or 320-290-6681.
or visit my website: http://www.JustListedMNhomes.com & click on WI Listings or MN Listings that
meet your criteria. I am licensed in both WI & MN and have a home in Menomonie.