As well as an outlet for your wholesaling finds :) 

(I find that they are not always the most abundant on the normal listing sites)and finally what are some of the unexpected pitfalls that people fall into when attempting a plan such as the one I have laid out?

Or should I rent for the first year out of school to save up more for unexpected expenses?

This was a great learning experience and it was nice to not have anything major unexpectedly come up.

You have no vrbo/airbnb reviews, you will make the occasional error, no repeats/referrals, your glasses will have too much rose coloration, you will underestimate or overestimate things, you may get blindsided on some things (angry neighbors, unexpected zoning or code things related to STR, ...), etc etc etc. etcAnd self mgmt is recommended but tricky your first year.

BUT the danger with that thinking is that they go into bad areas (D & F) because those are the ones where you can get double digit CoC but it's very hard to manage and those double digit CoCs get eroded pretty quickly with unexpected capital improvements.Lastly, being overly focused on CoC can also become costly in terms of opportunity costs.

Feel free to reach out. Lets

I understand having some capital for the unexpected is needed.

Doing this ensures that no unexpected unpredictable repairs🛐 pop up during development time due to the homes being brand new and save tremendous amount of time compared to doing a full Rehab renovation on a junk home .

It's an office building where I pay about $100/mo rent for use of a mailbox and a receptionist in case a customer drops by unexpectedly.