I thought you've asked the same question before.
I would say yes provided you have planned properly.
Another point for consideration, how are you going to repay the monthly loan repayment?
I would reckon that your rental wouldn't be able to cover it.
But if it's possible, than bravo!

Also, I wouldn't suggest selling after you've moved out of the area if you really did bought a property there.
Rental yield is quite good in the surrounding area.

This is a good idea.
That's what I did also in my study days. Though it does not let me stay for free, but it eased a lot of my expenses and burdens.
But there would be unavoidable risk in the sense that you'll need to pay the whole rental amount if someone decided to back out from renting. But hey, that's the same even if one decided to buy 1 property and let off certain rooms.
That's the dangerous part and risk regarding rental income.

This post has been edited by b00n: Sep 18 2007, 02:56 PM

The flats here costs around there, i.e. Wangsa Maju. But the terrace link house in Desa Setapak had grow substantially in recent years where it's selling prices are over 120k. Almost 100% increase if one is to buy it 10-15 years earlier.
But pls be remember that most properties in Wangsa Maju is leased hold which I think had gone through 20-30 years (not so sure about it). So living the tenor of 60+ odd years.

This post has been edited by b00n: Sep 22 2007, 02:08 AM