I work as a property manager in my 9 to 5 and see the power of real estate!

I will note, just because a loan is "0% down" or in reality, 10% down, you do need a lot more money available.  

@Hima A.

You need to take a look at this deal from an investor's eye.

@Dean Malka send me a dm.

I've been managing for 15 years and have helped a couple owners change/expand their portfolio. 

Purchase price: $150,000 Cash invested: $1,500 A month ago my banker (who's is also also an agent) from my home town where I have other properties called me and asked if I wanted to buy this house.

It would be wise for a buyer to feel confident that the building is in good structural condition, that it has a certificate of occupancy.

If you focus on a fixer upper you can renovate in 6 months and refinance on the ARV.You only need to be at a 85% LTV to refinance and its not hard to build 15% equity in a property in this market enviroment. 

It's a 4 bedroom 4 bathroom house in a Auburn AL which is definitely a college town (though I do not refer to it as a student rental).