It works out greatLong term low impact tenant at higher then market rates.  

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

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

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

(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.

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! 

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.

Thanks in advanceThat is pretty standard in Midwest markets.

But, if the cost is fairly nominal, maybe under a couple grand, and you have no experience in real estate, including owning your own home and hiring contractors for that, then it is likely worth it.I would always start with a deep assessment of where you feel you don't have adequate knowledge.  

Investing $135k in Upstate NY, particularly in Greene & Albany Counties, offers a range of possibilities depending on your goals and risk tolerance.If you’re looking for steady cash flow and long-term growth, single-family rentals in strong rental markets might be a good fit.