I am looking at doing buy and hold becuase there is a stronger market for renting here in Northern Nevada, but I have also ben looking into lease optioning as well.

Thank you @Brad M. that is awesome advice, especially because were trying to find a MFH as close to campus as possible (w/o spending a million lol) @Ben Leybovich Thats the sage advice I expected lol @Aaron Montague thanks for the heads up, Ive seen a few "cheap" MFH but I'm sure theres a HUGE reason.  

There is no REAL hurry other than wanting to start a new career in REI and get out of what I'm currently doing (which is a great job).Any thoughts are appreciated,Ben

Sounds like a great plan Ben! 

There was a good article recently written by @Ben Leybovich regarding this topic, give it a Google.

Ben

I received this info from @Nathan Sharp when I first started.https://www.biggerpockets.com/renewsblog/2013/11/02/hack-housing-get-paid-live-free/ (House hacking)https://www.biggerpockets.com/renewsblog/2014/03/13/investing-multifamily-ben-leybovich/ (Podcast 061 - How to succeed in multifamily investing)https://www.biggerpockets.com/renewsblog/2013/04/09/how-to-buy-a-small-multifamily-property/ (How to buy a small multifamily property)https://www.biggerpockets.com/renewsblog/2015/11/16/how-to-choose-areas-multifamily-deals/ (Choosing multi-family deals)http://www.biggerpockets.com/renewsblog/2014/07/19/how-to-buy-a-duplex/(guide to buying a duplex)https://www.biggerpockets.com/renewsblog/2013/12/12/bp-podcast-048-duplex-managing-tenants-darren-sager/ (Duplex investing)Now that you have made the move, below are some links that will help with the navigation of the site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/termshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/perkshttps://www.biggerpockets.com/forums/categorieshttps://www.biggerpockets.com/rei/glossary/https://www.biggerpockets.com/webinarhttps://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)Before your 1st purchase, please ensure you visit the below link for some tips.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

Ben

A market you are familiat with/where you live is the best place to start.Reply with where you are from/looking and maybe someone has a keyword alert from your area and can chime in.I'm familiar with the Peoria market: most places downstate IL it's easy to get a 40k house that rents for $700.Check out some Ben Leybovich posts/articles on his thoughts against that strategy.

@Ben Leybovich