<prompt> Human: I am thinking of buying a condo in a university town for 240k. 4 people can live there and current rent prices in a similar unit are about 350mo utilities. That would bring in about 1400mo and checking out the mortgage on a 15, 20, and 30yr plan would require the following rough payments:1,766mo for the 15 year1,444mo for the 20 year1,135mo for the 30 yearI am sure there are extra costs possible a la HOA, Property Tax... any insight into these would be great.I am 24, going to college, and have a sweet job paying me 65k salary for a 20 hour work week. Been working there for 3 years. I pay for my own tuition and have no debt. I would LIVE in the condo for at least a year until I get married and move somewhere else... and I know the renters who would be living there with me.Is this a good idea? Ive heard people saying investing in college apartments is the worst thing ever while others say its a great payoff. I am pretty handy with repairs and have remodeled homes before. The place Im looking to buy is in excellent condition and would include furnishing 3 year old appliances. It was built in the last 10 years. By my calculations I could pay off the condo by the time Im 40 and then be generating money afterwards. Any thoughtsexperiences on the matter would be appreciated. Is there another sub I should check out?Edit: I have 12k for a downpayment.  <response>: students are typically terrible renters. If you rent to students make sure the parents co-sign. 