@Masa MoromisatoShorten the distance, if you need you have cash now, a MF syndication can be a good outlet it would mitigate your need to get financing, banks right now will only tighten the belt in the coming months, you have a high risk for just buying 1 or 2 houses for cash, depending on the markets you looking at it will dictate if you buying for cash flow or appreciation (Midwest Is a good consistent cash flow machine with limited value volotility)If you are looking for a steady return a syndication deal may be an excellent avenue and all you to build back some strength in lending and capital in the mean time.PM me any further questions

@Troy ForneyYou could also consider a hybrid between your original thought and Brian's excellent suggestion.

If you are considering college rentals, there are some excellent forum posts on BP, as well as podcasts - make sure to check them out. 

They were excellent.

@Markus Shobe Thank you, I am self employed and have been using simple Excel spreadsheets to track income and expenses and its been working for me as far the business goes. 

Purchase price: $169,000 Cash invested: $8,000 Nice Family Home Located In Beautiful Stone Oak Great Kitchen With Island, Built In Microwave, Refrigerator, Plenty of Cabinets* Mahogany Solid Wood Front Door * Beautiful hardwood Flooring* Large master With Huge Walk In Closet* All Bedrooms Are Spacious* Water Softener* Excellent Schools w/ Lopez Middle School Within Walking Distance* Deck Overlooks Fenced Yard With landscaping** Shopping, Restaurants Close By What made you interested in investing in this type of deal?

Better yet, if you’ve bought property before produce a credibility book that showcases your portfolio and your numbers.4.)

We'll handle discussing our deals from there, but there are people out there who excel at matchmaking and pre-qualifying. 

Wholesale Hackers is an excellent channel as is Max Maxwell.

To me, it sounds like you are an excellent credit risk, and even more so in 5 years if things continue as they are.