Student loans are paid out to your school directly; even if you ask an excess amount and the school pays you out, you're paying an astronomical interest rate on that money much greater than the 2-3% we are seeing in real estate right now, which is going to make a huge dent in your pockets even if your idea was to be successful. 

I’m not seeing anything on the market that would bring a good return because of the astronomical prices right now.  

Two properties adjacent to ours sold last summer for amounts that were astronomically higher than what we paid and developed for our land.

That is to say, there should still be solid appreciation over the next 3-5 years, just not at the astronomical rates we've seen in the past 18 months.

Your risk is high, wear and tear is astronomical, and your leverage is none after you allow it.

Love to see the midwest get some love in this thread, we invest in the midwest exclusively and if you know where to look you can have astronomical growth.

They will lend at .99 plus prime interest only up to 90% of the value of your property. 90% is the highest LTV I have been able to find without an astronomical rate. 

The question is, will these astronomical gains that we've seen over the last two years hold?

Prices down there are astronomical and I would definitely be cautious of jumping in to something out of emotions rather than the numbers on paper.

The liability consequences are astronomical and the inspection requirements would be hellish to even get it approved.