Growth is not linear, we're about to get a lesson about that.

I don't know much about real estate so I need guidance on whether to look for a single-family home, a town home, something near colleges, etc. given that I will have a very limited budget.

Lessons learned?

and does anyone have some advice on what we could do to get into the real estate investing world in a better way, right out of college with limited cash?

Definitely an interesting idea, but I think you have to either have some property management who has experience / knowledge with managing properties like this or some personal knowledge / experience running these types of properties.I also think there is good opportunities around college campuses like Kent State, Toledo, Baldwin Wallace and rent out per room to college students. 

Could be different outside of little Bryan / College Station 

Lessons learned?

For reference, I currently live in San Francisco, CA, and am willing to relocate anywhere if the opportunity is right, but preferably would love to find something up in NorCal.I am a military veteran, but I am currently unemployed to go to college using my GI Bill as a source of income.

Lessons learned?

The outcome is going to be a great rental property in a a desirable pocket bringing in roughly 1850-2000/month Lessons learned?