Monthly payment comes to $917,  plus another $350 for taxes and insurance so ~$1280/month due to the seller.Using a private money lender to fund the deal, borrowing ~$130,000 @ 10% interest rate, interest only, principal + interest paid as a balloon after completion  or 12 months.House is a 3br/1ba 950sqft. near a university.

In my small city (70,000 or so) we have a university with about 20,000 students with a nursing school, hospital, and obviously several mid size employers that I’m sure have people travel into this area for business purposes.  

It would be virtually certain to be cash flow negative.  

1.Subscribe to the BiggerPockets Money and Rookie Podcasts2.Attend the FREE WEBINARS3.Attend a Meetup in Your Area / virtual meet ups4.Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy5.Peruse the forums!

Be sure to go to the calendar of events here on Facebook as most official Bigger Pockets meetups are postedhttps://www.biggerpockets.com/...Also check out Meetup.com (be sure to look for live meetups, not virtual ones)And in Kansas City - Mid-America Association of Real Estate Investors is hosting it's 200th meeting Tuesday August 13th.

If you are near a university, check out SabbaticalHomes or see if the universities have listings targeted toward their visiting scholars.

I am a senior baseball player at the University of Memphis.

I was a former kicker for the University of Arkansas and now a wholesaler at Diamond Acquisitions.

Invest: you can have a self-directed IRA (or better yet a truly self-directed Solo 401k plan) and invest your retirement dollars into virtually anything you wish, tax deferred.

Properties do not need to be in walking distance of the university to still be in high demand for college students.