Very conservative approach that protects the seller.There is a long thread that covers what I'm talking about atPace Morby Mentorshiphttps://www.biggerpockets.com/forums/79/topics/1001612-pace-...  

I really like the fact that you made a profile with a picture first before your first post.

If the insulation is in decent shape and not covered by combustible insulation, and not terribly overloaded, it might last many more years.

If the rental income from your condo can comfortably cover your mortgage and leave you a little profit, moving out might make sense.

Also, coming from running a business just think of RE as a business (which it is), the numbers have to work and your investments need to fit into the big picture.

But also, since you're covering several markets, you're not forced to have to buy at extreme prices for land or wait for availability. 

You’ll put 5% down but get 2% back on sale (which might pay for your closing costs) and then do a rent by the room to cover your expenses and downpayment for next year) Not sure which university you are at but both Henrietta and South Wedge are solid places to start (serving RIT and UR respectively) Good luck, I personally think Rochester is a great area to start due to constrained supply with a growing population

Insurance typically covers only the directly damaged area, not undamaged flooring, even if it's continuous.

Partner Driven fully funded the transaction, covering the $17,000 purchase price.

If s/he'd been putting aside reserves, the repair would have been covered by funds already in the bank.