Soon, I would like to start rehabbing and flipping properties around Frederick, Maryland; with the eventual goal of being involved in buy and hold and producing some passive income for my family.

That's incredible compared to hard-money.

I got really lucky with my first one I found at an REI meetup (look those up as well) and she was incredibly helpful.

This is also an incredibly insight post.

., income producing assets, not a job like fix and flipping where you have to turn the crank to produce income) a 10% cash on cash return is pretty good.

If your rent is way under market for comparables, they might realize the value they're getting.I doubt they would be incredibly surprised at a small rent increase if they knew the building was for sale.How much longer is their current lease?

You have found an incredible ocean of information here at BP, if you're serious about investing then I highly recommend spending time scrolling through this website as often as you can.I got started in real estate as a junior in college like yourself so understand your situation.

Since then I have become more and more active and find it incredibly fascinating.

Otherwise, it's a loan and will count against your debt to income and you will not have produced your own funds for a down payment if one is required for the program.

My experience and understanding is you that you will have an incredibly difficult (if not impossible) time if you buy a property with cash and then try to get your cash back out using conventional, Fannie Mae financing.