But I see no reason why this can't be done by someone like Scott, or anyone who is successful in any real estate endeavor.

Congrats on taking the leap and your success so far!

Quote from @Torrean Edwards: Early in my investing career, I had some success, but then the crash happened.

I’m open to ideas and keen to hear what approaches have worked well for others who’ve found success in real estate.

All this to say your repair partner is going to be crucial to your success. 

Regardless of having or not a license how do you make sure the first investment property sets you for success?

There is no housing market in US where real estate can out perform stocks.

Exit StrategyResale Planning: Research market trends for optimal selling timing.Long-Term Investment: Consider retaining the property as a rental post-graduation.Marketability: Choose a property with appeal to future students or young professionals.By following these steps, you can make a well-informed decision and ensure a successful investment that benefits both you and your student during their college years and beyond.Peter Derry PHD Properties 

Live in an area for 2-3 years, self-manage the property, and then relocate again, passing the baton to a property manager.I’d love to hear advice on any of these markets for making this approach a success!

If you can come in and operate effectively I think you'll find success rather quickly due to that.BTW - for a property management platform I would highly recommend Buildium.