Purchase price: $55,000 Cash invested: $440,000 Currently under construction and pre-leased for $6,195/month, this 7-bedroom, 5-bathroom student rental in Clemson, SC, was built using investor cash and designed for high-end student living.

Hello, I am 18 years old and currently a senior in high school.

I highly suggest working with an investor friendly agent so you don't buy in the wrong locations.I like the west side of Cleveland.

Would having a highly insured property (1,000,000+ liablity) plus not being a negligent or slum landlord be sufficient and not require the use of an LLC? 

But presuming you are talking about doing the above, this is a high risk strategy.

Is this normal cost or high?

Maybe it is ok if it is for you to live there and enjoy the amenities, but no need for you to pay high dues for a tenant to use the pool.Many condos don't qualify for FHA financing in Dallas. 

I do manage some properties near ACU & HSU and I would highly recommend that area. 

I have a strong background in sales and business development, with years of experience driving revenue growth, building high-performing teams, and closing deals.

We've seen some unique things in the covid era 2020-2024 like high appreciation (that is not the norm), the low interest rates we had (prior to 2022), and the past year the stock market has done incredibly well (up 20% over the last year).