@Dennis CobosAs far as I know, there are only a few ways to avoid paying PMI with less than 20% down:Serve in the military.

Considering you are in college you have a HUGE opportunity that most people don't have, also if you are in the military you have just as big of an opportunity but in a completely different way.If you are interested we can sit down and talk and I can try to help you find some ways that might work for you.

In my opinion, $200 per month, for a property in an extremely sought after area, with a tenant base that is extremely consistent, with military and government in the area not going anywhere, is a reasonable investment to stick with.I agree with @Russell Brazil, that you should hold the property in your portfolio.  

I live in a military town and was looking to start utilizing the BRRR strategy.

We are in the civilian world now without the security net of the military and I'm glad we are adding to our portfolio because civilian jobs don't seem secure as a military contract. 

You can still tap into this as long as you have 2 years living there of the 5 years before sale and it's considered a primary residence.When I worked for the Navy at a Joint Base, I met a lot of military guys who used their accumulation of houses all over the country as their second retirement pension.

Relationships sometimes strain and roommates move out and we military members get that nice little military clause to break a lease when we get orders. 

My wife got into the military and has now graduated Basic Training and is now doing AIT school training she is receiving a bonus of $25,000 $10,000 in cash when she finish AIT school in May and we both have good credit scores mine is about to go up over 700 hers is in the Mid 600 range.

I always recommend to fellow military to utilize another option, unless of course you are tight on cash and want the 0 down payment.  

I'm an active duty military member and have the option of renting my rooms out to other military members who are at one of the 3 bases near by for training, which is usually 2-6 weeks at a time.