You need a lot of tools in your tool belt so to speak. 

Once you get that under your belt, start looking to partner up with others in the area that have the money but not the time or ability to execute a rehab project.   

I would get one or two airBNB properties under your belt first to determine if the strategy is indeed valuable.

Hey BP,I'm very green with two projects under my belt.

So the lesson here is don't wait, get that first property under your belt and prepare to hold it long-term. 

I have a unique set of circumstances as I'm still a full-time student and I would love to get my first rental property under my belt.  

.#1....Figure out where you will work and get jobs and a few paychecks under your belt.#2....Get with a loan officer to get prequalified or underwritten for a loan to see what you will need for down payment, closing costs, prepaid fees.#3....Get a realtor and go shopping.Texas is a giant place....for example Dallas to El Paso is 1/2 way to LA.....so 1/2 the trip is within Texas...so you'll probably want to buy in a combination of close to where you will work, then in the price range that fits your income or borrowing power.

Air seal it well as you put it back together, then do a blower door test and hire an HVAC guy that will aggressively size an inverter heat pump.

LLC's and business entities are over rated until you get a few properties under your belt.

But in the last year, I've began investing in the stock market (index funds/etfs) and have started in real estate (we have one property under our belt).