We live in a low cost of living college town.

I made pizzas on Friday and Saturday nights all through college and it didn't even feel like work.I would also sign up for one (and only one) credit card, not use it that much, and make sure you pay it off every month. 

Compare to the tax returns for some degree of confirmation.

Therefore the property types that are the most favorable to generate bonus depreciation will be those with a high degree of what the tax code refers to as "land improvements".

@Alexander Merritt  First, think about the type of life you'd like to lead (ex. not be woken up at night, enjoy college towns, etc.). 

While being a full time college student and a part time boxer I've primarily focused on wholesaling, building a successful business with my best friend that did around $70,000 our first year in the business.Being from Illinois rules and regulations have caused us to pivot from the traditional assignment of contract.

Faking a foreclosure would require thousands of dollars in fees, months (if not years) of time, an incredible degree of knowledge of state and national foreclosure rules and procedures and balls the size of a house to expose one's self to the prosecution that would more than likely result from the fraudulent action.

I also had non-paying tenants that owed me, HVAC unit needing replacement, large trees hanging over property structure that suddenly died due to beatle infestation and college tuition due all at the same time.  

I've even seen lenders utilize college as two years of work history instead of taxes filed so you never know until you apply and put the cards on the table.

@Jedd Braunwarth, You are right that there is some degree of hands on required to succeed in self storage but that is true of any investment.