My two cents: get a job and HUSTLE right out of school and create some income and save up some capital.

Note the property tax will be -10% on the rent by itself.Month 0 to 24: $2450 * 0.5 - $1573 =-$348/monthMonth 24 to 60: $2450 * 0.5 - $1541 =-$316/monthNext issue is due to the low leverage starting at month 24, the ROI takes a beating.  

That’s $30k in taxes. 

The only other issue you will run into with leverage is being able to repeatedly do it before your debt to income ratio becomes an issue.

Quote from @Tom Gorrell: We have 3 rentals in CA and one in Kentucky (total value about 2.5 M)some W2 incomesome pension incomesome syndication income and some from a business (s corp)  @Tom GorrellIf they are providing tax planning and/or bookkeeping with the tax prep, then the price is reasonable. 

. $500,000 was tax free due to being married.  

There are also tax implications.

I recommend that you look at Notice of Defaults, Vacants, Tax Liens or Probate. 

When your rental income is 1.5-2x the mortgage payment - as is typical for highly refined STR strategies - they're basically not concerned about the mortgage payment.

From experience, I’d recommend getting pre-approved, improving your debt-to-income ratio if needed, and researching local assistance programs.