Last piece of advice is to surround yourself with quality service providers (real estate brokers, lenders, accountants, attorneys, PM's, Contractors, Insurance Brokers)., They will be instrumental to your business. 

I lived in St Paul for 19 years and now live in a suburb of St Paul for the last 6 years.

because last time I asked my prop manager for the invoce he said that was the last time he sent me the invoice for a repair.  

All the best to you during your last semester.Househacking is one of the most common routes for new investors in NY.For best returns, I'd recommend focusing on South and Southeast Queens, Central and Southeast Brooklyn, and the Bronx.There are parts of the suburbs (Westchester and Long Island) that have househack opportunities but the property taxes are higher and the commute time to NYC is longer.Abel

We just finished up our last project in OC and looking for our next flip, preferably single family.

Last month, I pulled the trigger on getting my first real estate property ever and decided to go with a 4 bed, 2 bath new construction to limit all the variables involved since I am still in college.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I live in San Diego, CA and purchased 3 single family homes over the last year, 1 in TX and 2 in OH.

With the flip we sold last year, everyone I showed the house to when selling pointed out the unique things of the house.

I think the last one I watched was probably under 300.