I am a graduate student in my late 20s who lives in the Chapel Hill-Durham leg of the Research Triangle in North Carolina.

Also other things have always factored in such as the location of the property, the desirability of the neighborhood or town, the proximity to shopping, schools, or other attractions.

It's in cheaper part of town with a great school district.

I can buy recently built homes (min cap ex), in affluent areas (80k+ median income), with highly rated schools (key ingredient for appreciation), in the path of progress (directly between Austin and San Antonio along I35), and cash flow positive from day 1 due to a favorable price-to-rent ratio. 

You've finished school, got a career, saved up enough money. 

@Andrew TozziI may not the best to answer, but I'm a little more "old school" it would seem. 

Hi,I am a recent college graduate looking to get into my first rental property. 

@Chase Patterson   Champions School of Real Estate is well known in Texas. 

I'm a recent college graduate, and am currently working as a supervisor at a group home.

I am a UK expat working in Russia and soon moving to Qatar as a high school teacher.