The program is designed to assist low-income families, and these benchmarks might exclude a lot of qualified people.That said, the requirement for stable rental and work history is reasonable, but you might consider relaxing the credit score or income requirements since Section 8 guarantees a portion of the rent.

I'm currently projected to earn 15% for my first year.

What other ways can I invest in RE in the current market. 

If you're interested in seeing how that all breaks down from an income and expense standpoint, I created this Sankey diagram to share with you:As for me, I'm planning to leave my w-2 job and take a little career break before deciding what's next for me. 

I’m currently a student and just requested a full refund.

-----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

My two cents: get a job and HUSTLE right out of school and create some income and save up some capital.

If the property manager uses a payment app integrated with the property management software to collect rent for the landlord, this is not gross income for the property manager.

You also don't have to pay state tax on income. 

For all methods you would want to find a market that has strong employment rates, strong income rates for the market, and is a growing or an established market.