The house is in Arkansas City, Kansas, a town of about 12,000, and home to a very successful community college.

If your not planning to go to college or are in a position to purchase a house, use the remaining $10k ish to buy a duplex and live in half.

I am 24, fresh out of college, working as an architect with a pretty solid income, so I am comfortable taking a little risk.

I know many large hotel owners and almost 99% have no formal college education but they worked hard.

I'm looking to get into this for the cash flow in the short term, with the goal to be able to help put my kids through college, and ultimately be able to enjoy life as my family matures.I'm in the Michigan / Metro Detroit area, but am also looking at long distance investing as an option. 

So, for a quick background on myself, I am a recent college graduate living in Atlanta, GA, currently working at a marketing agency full-time, but have become extremely interested in pursuing some sort of real estate investing.

You're just in time for college football.  

Hi, just wondering what type of properties two recent college grads, with about 40K in saved money can invest in (in terms of rental/student housing), in order to start acquiring properties while also working at our full time jobs.

So I voluntarily left the place vacant for a few months to get on the college cycle.

One lease I was under several years ago with some college friends stated that any improvements have to be returned to the original condition or the tenant may be financially responsible if the landlord decides to return it to the original move-in condition.