Property Pointers

I’m moving off-campus this year, and my parents have decided they want to buy a piece of property. They said I can live in it and get a few roommates, who will pay rent. After I graduate, my parents plan on continuing to rent out the house. I’m in charge of picking out the property. Since the winters can get pretty rough here, I want a location that is within walking distance, so I don’t have to drive when it gets dangerous. Most of the houses near campus are real fixer-uppers, though. Is it worth buying a house like that? Should I even suggest those houses to my parents?