Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

Thank you for everyones response.

They are all different as far as deposits and who would be responsible for foundation etc 

House hacking is great for an organized and responsible college student because you can do it in a small single-family and rent rooms to your friends who probably all want to get off campus or into a better house, or you can get a multi, room hack with you on your side, and room hack the other side and make more money.

Sounds like you have a solid plan.Everyone starts somewhere.Lots of apartment inventory coming online so I'm sure you can find a 6-7 month deal. 

Hey Rick thanks for the response. 

Multiple, billion dollar companies are investing heavy in our area, such as Intel, Google, and Amazon.

Disagree here.It's probably one of the better cashflow markets around.Low entry priceHigh cashflowBlue collar working class employed tenantsOnline rent payments Well kept yardsReally great "Bang For Buck".Other sub $100,000 markets are usually C class at best.Toledo offers solid B class for sub $100,000 entry.Thanks

i would be purchasing the property with an FHA loan. and im also looking for solid cashflow + long term holding 

Thank you for response, @Dan Mahoney!