I agree, a college student buying in your neck of the woods may not be feasible.

Because fixing appliances, for me, is such a pain in the neck, I usually buy new.

I thought punching people was a lot of fun, but roundhouse kicking them in the neck with my shin or front kicking them in the face was so much more satisfying.

slightly off topic . in Hawaii, while on vacation we heard some loud yelling and and what sounded like a lot of domestic violence happening - I went outside and was trying to determine the location of it and soon another guy joined me who had also heard it - we discovered the room it was coming from and both approached to ask if everything was ok - a big muscle bound guy answered the door sweating and breathing heavy - he said everything was ok and that him and his girl were just having a disagreement -when asked if she was OK - he said yes - then the guy that was with me asked she could please come  outside and confirm to us that she was OK - I was a little taken back by his boldness , but was glad he asked - so she came to the door and confirmed she was OK and didn't need any assistance.

Many RMLOs may not be aware of their compliance requirements and think they can underwrite, process and originate any mortgage, so it's their neck and yours as a lender.What you need is to have a buyer pre-qualified to ensure they can obtain financing required as an ability to perform under a contract, then show the ability to  pay, document by tax returns is what I suggest at 33 to 36% debt to payment ratios.

It is a pain in the neck to light and usually takes me a few tries, but with some patience I can usually get it to work.  

I am have been blessed in the business.Although I just came from the Big Short  movie and my wife and I almost left in tears... it brought back the traumatic few years were we were neck deep in the turmoil...

(Sometimes, you'd get answers like, yes my aunt has been thinking of selling her home or yes my sister has a property that hasn't sold for months, the listing is about to expire, sure that lady down the street has a small sign in the window) I did this when I first got licensed to sell real estate in Harford County, I would carry a legal size clip board, a camera hanging from my neck, tape measure and a yellow pencil in hand - I wanted to create curiosity, what's he doing?

To be clear, I am not a fan of theirs, particularly after they started muscling in on short sales, but they are legit. 

I'm a full time investor in your neck of the woods.