If you're talking $1million, then I think you should absolutely have a significant RE component.

Buying , Fixing, and Selling, 4 month time frame, (I hope)I am not a handyman, so estimating repair cost is a reach.A poster on this site suggested to use the $5K rule to estimate repair cost5k to fix/update any major house component.

However, most mobile home parks should have a business value component that should not be taxed as property tax.

It seems that a condo is a _simpler_ place to start in the rental world.I keep seeing lots of topics on learn the biz then start, but I'd really like to get going, and how do you define "learn the biz?"

I give more weight to solds than listings, but if there are multiple listings of comparable properties in the same area, then they define an upper bound on the value.Based on that data, I'd say $70K for the first deal is not a good deal at all

I don't mind getting beatup price wise a little at first as long as it helps me define price points and what services would be pruice elastic.

Its been about 1.5 years now of reading about the subject at various levels (flips, rentals, wholesales...etc).I think that self doubt I have or maybe fear of the unknown is definately a huge hurdle for me.

Appreciation OK, so I cheated, but the point is if you have these key components going for you, your portfolio will grow and so will your profitability.

It is definately possible for you to get started while in college.

Dan,Thank you very much for the post and I will definately google him.