I am considering buying a rental house property nearby a University for 0,000.

The monthly gross income works out to 00. I would have to pay for water/electricity etc. (approx. 0 per month), prop taxes (approx 0 per month).

Considering only 8 months of the year are guaranteed University student months (the town is largely vacant during the summer), and the fact that students seem to be a pain to deal with, is it worth the investment?

We already have one rental house and are doing really well with it, and have decided to get another one. The first one we were able to get no down payment because we were first-time buyers. How do I do it with no down payment now? Thanks!

I was considering refinancing my mortgage and taking an additional 40k out as a down payment to buy a rental house. Is this a good idea? What are the advantages/disadvantages?