@John Neff - For my $0.02, it sounds like you have a fairly decent job, so I would concentrate on paying yourself first (saving), so that you can get into the investment side of things ASAP.

I finished my MBA with a concentration in Finance from a top tier business school at the age of 22.

@Riley SchaeferThis question has been frequently discussed on this forum if you search it.Short story: real cost seg studies (with a site visit and an engineer's report) on SFRs are usually not cost-effective, unless you have a large portfolio concentrated in one area, and the cost seg company will give you a package deal. 

You can concentrate cash into other properties. 

But on the other hand, the concentrated volume and experience of the property manager gives you a much larger probability of getting a good contractor or handyman repair on your managed property than trying to get it done alone, with just one property.

Do you have any suggestions what areas I should be concentrating in?

@Marky Suazo I concentrate more on turnkey personally but have connections for the BRRRR model if interested in the Memphis market. 

It is very doable, but I would concentrate on building your savings and making smart finical decisions until you advance in rank so you can get that BAH which is crucial in my opinion since that basically doubles your income.

There are spaces to fill and I would concentrate on that first.

@Matthew OrtonYou're going to want to hire a dedicated and experienced student housing manager if this deal is true 50%+ concentration of students.