Hey Charlie-I'm in the same boat- 2nd year student though.There are a few of Charlottesville investors on Bigger Pockets (not nearly as many as a real city, but a few).I'd recommend reaching out to Jim Klapmust, or going to the Charlottesville local real estate meetup.

Hi, my name's Jim.

Hi Jim thank you.

Jim

Hi @Jake Hottenrott , If Jim doesn't work out let me know, I may have a referral for you. 

Your interest rate at 4% is a bit low (I just got an OO at 4.125, investor deals are 4.5+ish) If you run vacany and repairs to 10%, an increase the rate, you are looking at about $600 profit,  or $300 for your investor, or 3.6% which won't fly.Overall, the numbers look marginal, and if you take a unit, you will be paying for that unit, probably around 1500-1700 to make it break even.As an appreciation play, maybe, but you don't specify where the property is, so it's hard to judge.Not saying no, just it looks tough to put together.Just my $0.02Good luck,Jim

(Whatever "it" you want)Good luck,Jim

Now 3k isn't squat for a return.Sure, you can pencil your way to a higher profit,  but I'd wholesale it and take 5 to 7k maybe 10k and call it a day.Good luck,Jim 

Good luck, Jim 

@Jim Adrian Thanks for the tip on lawn care.