... locate housing as closely as possible to the university (ideal would be no more than 2 miles away, so you can ride bike/bus or walk to school) with 3-4 bedroom with 3+ baths, common area + kitchen (probably need some renovation work which equals sweat equity), get 2-3 roommates and their rent should pay the mortgage ($450 times 2-3 goes a long way toward a mortgage), so you live rent free or as close to free as possible .... think like an engineer, make the numbers work! 

Sounds like you have multiple cycles running in your area so as the roller coaster reaches the loading platform - you can get out of one ride and get onto another at a more opportune investing point of entry.

We want the land for hunting, horse-back riding, recreational shooting.

It's been a fun ride so far and there have been hiccups along the journey. 

Given a little time, I bet you will dust yourself off and ride again.Glad to have you among RE investors, but don't completely turn your back on something you've worked so hard to achieve @Gabriel Garces!

But after walking by that barbershop for two years (I ride the bus), it moved out.  

Hope you enjoy the ride!

Good cashflow will let you ride out both the highs & lows of every cycle.

I called Clyde Wilson up too to ask if he's still offering the Ride with Clyde ^^ He's out of town right now but when he gets back I might try to hook that up.

This book should come in handy for the plane rides to Arizona while giving you an idea (financially speaking) of what to do and look for in your deals.http://www.amazon.com/Every-Estate-Investor-Financ...All the best!