In this case I don’t have much debt in regards to credit but in past due college tuition payments.

The area is a college town that is exploding, so I will most likely be able to raise rents to $2,500 next year very easily.

Hi Noah, I was born and raised in the Clevealnd area and went to college here.

You have a lot of properties around the colleges as well that can be rented to students or since its next to a couple of Hospitals the Nurses, Doctors, and other medical staff pay good rents.

Bloomington, West Lafayette and South Bend are all major college cities that can work with the right strategy.

I don't have any career worthy trade skills or college degree, so finding a higher income job is slim pickins for me.

I don't know much about real estate so I need guidance on whether to look for a single-family home, a town home, something near colleges, etc. given that I will have a very limited budget.

and does anyone have some advice on what we could do to get into the real estate investing world in a better way, right out of college with limited cash?

Definitely an interesting idea, but I think you have to either have some property management who has experience / knowledge with managing properties like this or some personal knowledge / experience running these types of properties.I also think there is good opportunities around college campuses like Kent State, Toledo, Baldwin Wallace and rent out per room to college students. 

Could be different outside of little Bryan / College Station