Typically, the closer to the school the better, but markets vary.

Or wait and scan the market for a multi family I can afford?

In any market, if the numbers work for you, it can be a good investment.

(Or I missed it, answer is the same either way.)Please make sure you know the security deposit laws/regulations for your market inside out.

Hi All,Getting started in LA and looking for folks with experience flipping in the LA market.

The problem is, the inexperienced operator hasn't perfected the ability to buy off market properties at the purchase price that makes sense, so they often over-pay and then encounter less lending options as a result.

However, this is a great way to access markets all across the country that offer decent returns to acquire long term hold properties. 

Cant speak for the other markets but here in College Station, you can get low-interest-rate loans even as an investor through the builder's preferred lender! 

Thanks in advanceThat is pretty standard in Midwest markets.

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.