It’s also worth considering a multi-family property for your first deal since it can help with cash flow.

I don't necessarily need the standard features of pm software, such as rent collection, bookkeeping and maintenance requests, though that could help; but do need a clearinghouse of important information, such as leases, legal docs and other information; maintenance vendors I use; maintenance history; and some kind of tracking system, where I can record the various current projects I'm working on within the business.

Is it worth waiting the 2-5 years? 

Jumping into REI with no capital is not worth the risk.

For example, we have a minimum rent we're aiming for when we manage other properties because it's not worth it for us to manage a small property.The ideal client is someone who truly wants to be hands off and hire an expert to manage their MTR.

I think it’s definitely worth looking into.

I understand the hesitancy to lease to students but vacancy is so low, that if you can handle a few headaches, it's worth it. 

Hi Joshua,We do have a current house in Idniana worth around 120K.

For a few thousand dollars in rent, it is worth the call.If you don't get satisfaction there, credit card companies are regulated via The Consumer Financial Protection Bureau (CFPB).

The Title Holding Trust or Land Trust will keep your name of the public record, but it can also complicate the property ownership and management.