Presumable the bigger stuff is covered, since this is a condo.)Because if you are not accounting for those expenses, than the ROI is not even 7%.  

One of my local banks can underwrite something like this in 3-4 days.The silver lining I suppose is that once you do your first deal, improve value (and presumably cash-out refi), you will have cash flow, cash in your pocket from the refi, increased net worth, and a private investor who just got an awesome return on their money and is hungry for another deal.Start reading and learn this stuff like the back of your hand.

BUT you've already spent money and time on the (presumably) first 5+ semesters of university.

The short answer for me is that I presume a start from an office type job earning median income or greater for the journey toward early financial freedom.

And I usually presume (far from uniform) that the SFR neighborhoods (all things being equal) are better.  

You presumably don't live there so it doesn't affect your safety.  

All great options for someone young and single (presuming you're not married). 

Don't count those cash flow chickens before they hatch ... you have now a property that you KNOW performs well, meaning it cash flows well, you can presumably manage it fairly easily, rents come in on time, etc. and you plan to sell and buy another property in a different market that you think MAY perform better ... you may be right on that or you may be wrong, but it is by no means a surefire bet.

Often times people are presumed to be wealthy because they live in a big house or drive a fancy car, but I would argue that alone usually doesn't tell you how well the person is really doing financially. 

I always presumed I was risk averse and afraid of commitments.