The biggest takeaway here is to be patient. 

For instance, you would be able to obtain a loan at less than 10% down, while a rental purchase would require at least 20% down.The down side to moving into a home is that you would not get to have LLC vesting.

I think the biggest student market for New Jersey is probably New Brunswick for Rutgers. 

I'm not a cash-flow-or-bust guy or anything -- appreciation is the biggest wealth-building tool in real-estate -- but if you're buying an STR in the middle of any Colorado ski town, you're losing so much money per month. 1.

Turnover costs money and could potentially be your biggest expense as a landlord.

Never be afraid to bring up and discuss any and all downsides so that you and your partner are both aware of each other's though process on one-offs.Hope this helps!

When I got started my biggest concern was picking an area that had enough other rentals, so there is viable demand.

This area is slated to be the next biggest development in the next 10 years.From my calculations, this seems like an ideal move, but I'm aware that there could be considerations or risks that I haven't thought of.

I'm looking at flood zones, population growth/decline, crime rate, the economic trends and future or current incentives for development in the area, what the biggest employers are, Zillow for rental comparisons, and property pricing.

When you have a year or two of experience, then you have proven success to go out on your own.My guess is your biggest challenge will be to convince older people that you are an expert and that they should use you as their expert.