Pros- - Outstanding cash flow- Great small community with good school system- Mixed Units, 17- 2 BEDS/ 18-1 BEDS/ 1- Bed- Low vacancy rate- Common area laundryCons- - Extremely old building, 2 buildings total, an old school turns into multifamily living, built in the 1900's- Exterior isn't the nicest looking, it needs a lot of TLC. - Not the best location, the community that its in is about 10,000 people in the state of Illinois about 30 minutes outside of St.

I graduated college last year and was thinking of buying a rental property (duplex) in my college town that was for sale.

I was looking for a property this summer but the time horizon was too short and had to resort to leasing for my final year of school.

So I’m 21 and I have a buddy who has recently got done at school for real estate and he was telling me how much he liked it.

Hospitals and schools nearby can help drive appreciation.

IF they are here for work, check the employer, and they should also have a social security number too...if they are here for school, confirm their enrollment. 

We jumped from motel to hotel till I was in high school.

I’m currently unemployed while in school studying anesthesia for the next few years, but receive some tax free income from the VA.

School District?

Correct me if I am wrong but this is the big chunk of savings that I am missing out on without the homestead exemption and being overcharged for by Escrow: From hcad.org; “ School taxes — all homeowners.