I just read an article recently that noted "Avg Profits For Flipped Homes" of $80,000, however when you dig into the article and their sources, "Profit" is simply Sale Price - Purchase Price...so it doesn't consider renovation costs, holding costs, financing costs, etc.

You can ask the prospective tenant about the addresses or simply do a Google search for those addresses and, if it belongs to an apartment complex, you can call the apartment to see if the tenant ever lived there.Public Records:This part of the credit report will list any judgments levied against the tenant -which includes garnishments or evictions that have a monetary claim.

If I sense the buyer is cut from this fabric, I will negotiate extra hard against repairs to the extent they simply walk.

You are honestly way ahead of the pack already simply by being willing to start learning about this topic in your early 20s.

However, if you bought it and managed it as a market rate apartment, your experience would be very different.My point is, I can control how fast a unit turns simply by adjusting my asking rents.  

One needs to simply stroke a check pay it off then figure out how to get their money back out of the deal by either selling or refinancing this is the ONLY way to protect the sellers credit.

It is a sure thing that you will have success simply based on your introspection!

The economics simply do not favor the investor.  

Investor savvy agents are few and far between so take the time to find the right one - you are not looking for your forever home and simply giving the agent a list of homes you want to look at which is what most agents do anymore. 

You simply can’t ignore the risk of investing in an area that you’re not intimately familiar with.