You are about the millionth parent to think of this idea. Out of state folks with money have been buying up all the good real estate for years, along with the traditional powers in Tuscaloosa. I think you are going to be shocked at prices of places one would consider "walking distance" and not positioned directly outside of a ghetto.
There's definitely some truth to this. Your best bet for a good deal right now would be a condo. I know of several condo communities where you could get a 2-3 bedroom unit for under $200k with a few being under $150k. They won't be the ones right on campus though. We have a large inventory of condos on the market right now so the prices have gone down quite a bit. It might not be quite the deal you were expecting but we've helped several people do the same thing you're talking about. If you want to reach out and talk specifics, send me a PM. I know which one I would try to buy if I was in your shoes
Here's a link of all the condos on the market right now:
CLICK HERE
