Hello, I assume you have a student that you want to have live here, this makes a lot of sense and can be a great investment. My advice is to by as close to campus as possible. Also, be sure to have a thorough home inspection done to be sure you are not going to be facing big repair bills such as bad foundations etc. Make sure you understand the City of Ann Arbor leasing requirements and city requirements for rental housing. I there are rooms in the basement, make sure they are up to city code too.