When I told my friends how old I would be when I got out of grad school if I went, they asked how old I'd be if I didn't go.

Maybe because I weighed 105 pounds in my gear in high school. 

And, I have the magic ferry-dust they have all but none of; MONEY.

The neighborhood has a strong sales history, and I should be able to gross $38k.No school or class will replace the value of getting started and learning your trade.

However, you can take the cash advance and have it "seasoned", I believe the magic number is at least 2 months in your bank account at least if you're attempting to get a mortgage using credit card fund as your down payment, so there's no further prying question.

I've been wanting to jump back into WPS land and this would be the magic :) 

The area the house is located has schools top 5 on the entire state with 9/10, 8/10 and 10/10 for all 3 levels.

The magic formula is portfolio size x time.Selling does not move you forward.

Typically you can make a much better deal on resales.What is your target renter for what you are buying.If it is college students, then you need to close pretty soon and grab the back to school market. 

There will be little to no detailed records of expenses as this is quite an old-school landlord that is not willing to dive into the nitty gritty.