Cedar Rapids has the advantage of being a short commute away from Iowa City, which is where the University of Iowa is located.

Currently, I am working on a bachelor's degree for the next few months but after that, I will be jumping into the pool with many of you.

Monthly payment comes to $917,  plus another $350 for taxes and insurance so ~$1280/month due to the seller.Using a private money lender to fund the deal, borrowing ~$130,000 @ 10% interest rate, interest only, principal + interest paid as a balloon after completion  or 12 months.House is a 3br/1ba 950sqft. near a university.

In my small city (70,000 or so) we have a university with about 20,000 students with a nursing school, hospital, and obviously several mid size employers that I’m sure have people travel into this area for business purposes.  

If I don't pay my bill they have no problem cutting off my heat in the winter or a/c in the middle of a 110-degree heat wave here in Texas!

I graduate from the University of Utah in the spring with a mechanical engineering degree.

As a landlord, I verified the work needed by pictures being sent, and arranged for a contractor to go in person who is licensed and insured to give an estimate for the work stating to management company this would likely have to come out of a security deposit.The management company was initially asked prior to me arranging this appointment with contractor, to have someone professional quote the damage, and they disregarded my wishes and without my knowledge, or notifying me, granted consent to the tenant to fix the door " in any way they see fit, and to attempt to fix it themselves to the degree of their liking." 

I have a degree in Project Management and could potentially find a job in another market if it would better support my real estate investing goals.Here are the questions on my mind- Should I keep saving and wait to buy something locally in Rhode Island, Massachusetts, or Connecticut, where I could manage the property more easily?

If you are near a university, check out SabbaticalHomes or see if the universities have listings targeted toward their visiting scholars.

I am a senior baseball player at the University of Memphis.