Due to the university there I worked with a lot of incoming families and getting what they needed for their dorms.  

This is usually done to increase your rental income but it comes with a price as you are finding out.  

Analyze properties by looking at gross rental income, operating expenses, and the debt service coverage ratio (DSCR above 1.25 for rentals).

I don't have any income yet as I am just graduating.

If passive income and ease of management matter more than squeezing out every last dollar of equity, a turnkey property could be a great move for you.

Thanks for the feedback; some quick stats: 9 doors across 4 states, about 50% LTV ratio with a Net Income of about 17% and cash on cash of about 3%.....in fairness those numbers include some overall business expenses not tied directly to one specific property.

Technically it would be best to get a C Corporate or S Corp. to flip properties and since you are considered a dealer if you do several properties a year and this could have negative tax consequences in an LLC.

If you don't have the relationships, hire someone who does.This is why Brian Burke can go “large corporate” while I have to stay “small private”; he has the ability to MANAGE PEOPLE that I do not.  

I think I was fortunate to find a roll outside of real estate to diversify my income across two different sectors of the economy. 

The US taxes global income which dramatically increases the reporting requirements.