Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing.

We learn a lot on BP but the experience and lessons we learn by doing it is a teacher second to none.

I am currently a student pursuing a second degree in nursing.

I plan to work part time in manhattan and possibly queens too because I am a full time student.

Experience is the best teacher. 

If I have over 100k in student loans what is the best route to purchase my first property?

Student housing TrampolineAny wood burning stoves in home or garage unless professionally installed, meeting underwriting criteria of insurance coverage No exotic animals Unacceptable Dogs:oPit Bulls oAmerican Staffordshire TerrieroAkitaoChowoDoberman PinscheroPresa CanariooRottweileroAny Wolf HybridoAny Mix of Above BreedsoAny Dog with a Bite History

I live in Binghamton, NY, it's a small city and everybody seems to be buying everything up and turning it into student housing, maybe that's why no one is interested.

I think you should stick to bread and butter class C and B rental property and stay away from these niches like student housing or military towns.

Especially, in my experience, for student rentals.But, fundamentally, its a money question.