What scared in the article is the mentions of personal financial risks, LLCs not really protecting your personal assets, the amount of investors filing bankruptcy , social threats, scams, etc.Is this article over blowing these facts, trying to sell REIT ?

Just wait til you see the rats.

I should also mention that this property is a microloft (<300 sq ft) so fits just a single individual.

Or would I be wiser to wait until I have a 9-5 post college and just enjoy these years and hope market conditions become more favorable?

Only one bank account needed, but you'd have to track income & expenses to do transfer and year-end accounting.As @Nathan Gesner mentioned, not really worth it.You two could also open a joint bank account for collecting rent and pay expenses, just be sure to track everything.Do NOT do what @Paul De Luca stated about transferring title!

Batten down the hatches on your DMs because that ship will sink within one day of mentioning Columbus on here.

I have a property management group in Hawaii that offers both STR and MTR services, but we don't mix for the reason that he mentioned - a single STR booking on an island can totally kill any ability to run MTR.

Hey @Lue YangOne thing I did not see mentioned is AVOID FHA!  

The “purchase agreement” is between a buyer and a seller....any commission mentioned is not really binding between the seller and the agent.

Any one knows what I should do except waiting?