I would really get your architect and contractor onboard first as well as making sure your permitting and plans are acceptable to the city.

I thought that going to college to get a job that I semi-liked was my only option.  

I just got done with College and now looking to start my venture into real estate.  

Hey all, We have three 4 bedroom/4 bathroom units near a college campus that we need to rent out ASAP!

Have you checked with local permitting to see what is permissable?

I wouldn't look at college markets to investigate outside of your area personally.  

No permits pulled yet...

When they get the itch to demo a building (and downtown has a LOT of dilapidated buildings as we both know) they always look into the costs of new construction permits, costs of engineering/designing the structure(s) and getting them approved by the city, and the costs of hiring private construction contractors to build a brand new structure...  

Im currently a college student, do not have a ton of money to invest in real estate but still want to learn on what I can do.

I decided to live at home after graduating this past December to pay off all "frivolous" debt, Ie credit cards and such from college.