@Omid RabbaniBusiness valuations are much too complicated to answer in a straight $xx.  

Why start your investing life with a complicated deal.

As long as it is in livable condition you have a place to live and can charge other students dis count rent to pay down the mortgage (it's obviously more complicated than that but it's a solid starting point).Good luck and congratulations for starting so young...!!!

@Ali Boone,I appreciate the blog link and thank you for the valuable information you shared.Numbers can get real complicated real quick and things become overwhelming.As a beginning new investor, I'll be using this simplistic approach as I go forward.

I mentioned that I am licensed because I figured most people would recommend working with an investor friend realtor etc and that step would be unnecessary for me.  

Other than the inflated and unnecessary cost of such education, my concern is that your friend may have a hidden agenda, in the form of a referral fee if they can get you to sign up?

I had one attorney tell me it starts at $3500 and goes up from there, depending on how complicated it gets. 

The only complication that I foresee is that I'd be buying from the estate made up of my wife's aunts and uncles who are older; not one individual.  

However, the new wood floors and other more complicated tasks that require some experience and lots of tools, I'd hire out.

THAT is an unnecessary extra $200+ per month out of your pocket right there!