But beyond that bit of confusion to your scenario - you should absolutely not work with someone who does not match your own level of ambition / aggression / boldness, skill, etc...

Put your money to work in a way that best matches your goals. 

I also had to account for items such as health care, no social security or 401k matching, etc. 

To me doesn’t number doesn’t match.

This will allow you to raise rents to match maxes in the area, possibly improve tenant quality and allow you to diversify exit strategy to sell for over-value to owner-occupants. 

In fact if you are offered a 401k at work and they match max them out.

I would also include a proof of funds showing that you have the downpayment and closing costs liquid so you present a full package that can match the ease of a cash offer.

Some neighborhoods the section 8 rents match market rate, and some trail market rate.Another way to get above market rate rents is to do a rent by the room strategy.

You may find a better match, you also may learn that some of your expectations are out of synch with the overall market.

Live in the smallest and rent out the others by the room to other college students.5) Continue studying and investing in real estate.6) Get a full time job after graduation.7) Always live well below your means.8) Max out company match retirement plans or a Roth.9) Drop everything else into investing in real estateDiversification is the key to safely developing wealth.