Prayers to all involved

Don't confuse the two.You're 19, good for you to getting involved but keep it trim.

I am starting to get involved with real estate investing, but I am only a college student, so I do not have the income to place a 20% down payment for most properties.

The purchase and sale of a business requires a lot more personal involvement than the purchase and sale of real property.  

Closing CostsMake sure you also budget for closing costs, which are a collection of fees and payments made to the various parties involved in your transaction.

There are variables involved, and there’s of course skill and effort required not just calls.

WaMu was directly involved.

The point is that if you ever find yourself involved in an eviction or a contested deposit, you don't want anything in your lease or that you've charged for that will make you look foolish in front of a judge.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

We even had to do a lease back to them while the carport situation was being finalized.There is definitely some luck involved with every deal, but I think as investors we can create our own luck as well based on knowledge and experience.