@Ram Go "Initial Debt" may or may not be the same thing as the current loan balance. 

That does not require employment or job seasoning instead it uses the rents to qualify and you can take out up to 80% LTV cash.Use the cash to put down on the next 1-2 or more properties as long as the other properties are debt servicing themselves it opens up more opportuities to buy more future assets and increase your passice income.  

We already paid them a pretty sizeable entry fee ($30k) to cover some of their equity and debt in another project.

More properties but more debt. 

If you're a good student and can get into a good college without going very deep into debt, I believe you should go.

But perhaps you would be better served helping a local experienced investor find deals and ask them to show you exactly how they analyze deals, what's good vs bad, how do they finance (debt vs equity) etc etc and understand their business model that has a proven track record by providing value to them.

Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes. 

This could also hurt my debt ratios if I go to borrow on another investment somewhere like my plans for the STR.  

Or buy and force appreciation or buy and paydown debt with cash flow..

Im self employed, roughly make $130k gross anually, 1099 NEC , no debt at all, 740 credit score.