Do your homework first - then you'll be ready for a more meaningful conversation with a landlord.Best...Thanks for your response. so I have researched the rates and I understand that screening a tenant is crucial. mu biggest concerns are the carrying costs until a tenant is filled as I’ve heard the process can take up to 3 months to find a tenant.

Supplement this far simpler entity approach by ensuring you have appropriate types and levels of insurance, you operate your business in a manner in which your conduct is not considered an exclusion in your policy, you work with licensed and insured vendors, you execute contracts with indemnification clauses with these same vendors/ require additional insured status &  maintain appropriate licensing and permits.

If you constantly chase the bottom dollar and bottom tier coverage you'll be the one carrying the most risk.Happy to connect and talk more.

Why not joint venture with someone who has money, fix & flip itWhy not rent it out for at least the monthly carrying costs.Why not sell it on a lease option, get 10% cash up front to fund school? 

Of course, managing your own properties is a good thing (instead of having to spend the money on a manager), but you have to manage your property in a professional manner.

Like Thomas mentioned, leveraging your personal residence carries higher risk.

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.

You need a skillset that you can manage tenant's expectations and enforce the lease with a professional but firm manner.

It's a really sexy application on webinar, but even for the "Get It Now" price may not be worth it if you can't shut it off in a timely manner.  

Quote from @Jason Baker: I’m A 11th Grader And I’m Committed To Being A Young Real Estate Investor After HighSchool...Just Trying To Seek AdviceThe average person who went to college carries $40,000 in debt.