My ideal property is a detached single-family distressed, 3/1 or 3/2 home in an A or B neighborhood with good schools, ideally in the $200K-$300K range.

I've walked in on Squatters, High school kids, former tenants, some rather angry Racoons, Stray Dogs and even one unhappy Deer.Even though I always knock, shout out throughout the house that I am there and who I am, try to keep an open escape route and continue to call out as I go.

This is apples and oranges.Evan, you are very wrong again.I am investigating syndication track records OUTSIDE my investment and most of them are busted.I could talk more but I just don't want to give name in public , so these are general statement.Dont just say everything is fine when public money lost money left and right, they are the one that makes you able to pay your kid's school.

Purchase price: $70,000 Cash invested: $20,000 Sale price: $135,000 2 Bedroom 1 Bath 900 sqft fix and flip home located near public elementary school in an area that is getting fixed up.

You may close ZERO deals in the next 90 days, no matter how hard you try, and those 90 days will be a sort of academy or school where you will learn from your mistakes.

That is natural lifecycle of any learning, as you move from elementary to high school, to college. 

I'm considering SFH or Condo or townhouse to start with targeting local college/schools.

There tends to be less competition from every day home owners who need to move in the spring/summer before the new school year starts and thus the possibility of having more leverage on sellers.

Don't buy a 3-unit or 4-unit if it is not in a good area with good school districts.

I went to school in Santa Barbara and now live and invest just over the hill from Sacramento in Reno, NV.