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.

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. 

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

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.

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

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

But I am old school its why I only use Commercial banks I want to pick up the phone and talk to my banker.

this is all i needed to see:Business coach Kris Krohn blasted for pulling kids from public school over fat teacher (nypost.com) Ya know, as a holistic health provider and conscientious parent, I'd probably do the same if my child's teacher wasn't a good fit.