If you are using RE investing to try to avoid going to school, your intentions are not in the correct place.

I briefly worked in commercial lending after I finished grad school and that really opened my eyes to the inner working of that industry.

Verifying last 2 years of rental history very important!

Verifying last 2 years of rental history very important!

For Conventional, you can only use 75% of the gross rent until you have Sched E history for the rental for a net rental income analysis. 

Quote from @Conte Cuttino: Property is in C+ area but in a different School district that’s B-If I sale I’ll get 30k profit after 9 months.If I keep as a Long term rental I’ll have to convert the garage into a illegal 1 bed cottage at an additional cost of $35k leaving a total of $107k left in this deal after 70% refi and closing cost.

Eastpointe has a semi-decent school district, and the area overall is seeing a population growth.

Battery Park City Exchange (New York City): The city of New York engaged in a land swap with the Battery Park City Authority, allowing for the creation of a new public school and affordable housing units in exchange for a parcel of land that was then developed into a high-value commercial property. 5.

Verifying last 2 years of rental history very important!

For example college rentals generate some of the highest ROI of properties I come across in New Jersey but it depends on the school and location of property.