Now I've moved out (because of a random conversation with a coworker and her fiance who were looking for a place) and have been renting my former primary residence to them for the last 2 years, with plans to renovate the inlaw suite and rent that out again also.In the years I've been working here, I've heard from coworkers and neighbors about the high demand of the employees to live close to work (which also happens to be less than 10 min out from the university, as many of them are college/grad/doctoral students).

My parents are both doctors.

Good luck Doctor.....Being prepared to do business is the quickest way to profit as a real estate investor.

Man goes into the Doctor's office and says, "It hurts when I raise my arm".  

Doctors, Lawyers and Accountants all charge different rates.

I have had lawyers, police officers, clergymen, doctors and high falootin people rent my homes and some of them were slobs and did a lot of damages. 

I earned my doctorate in philosophy in 2015 and currently work with the William H.

You need to find Private Lenders (family, friends, your doctor, dentist etc).

Once the property is fixed up and sold, You and The Private Lender will Split Profits 50/50, or whatever the agreed upon split would be.Usual Private Lenders are friends and family and High Net Worth Professionals (doctors, lawyers, other real estate investors)

If the tenant can prove that they were actually sick (ie, has a doctor bill from the last couple of months for a respiratory infection, asthma attack, etc), then I'd consider some additional compensation - at least pay for the doctor bill.