Then you can take distributions on the cash over time or all at once.

I would look for 80-120k houses. that need some cosmetic updating. put 10-30k into them and get them rented and refinance some or all of your cash back out and do it again.

If you did pass one of them or all of them did you ask for any money towards fixing the issues?

What that means is the seller will pay all liens of record at settlement to give you free and clear title at settlement, and depending on the type of warranty deed (special vs. general), that the seller will defend your title against certain (or all) claims after settlement. 

For example, you should consider whether you receive a portion or all of late fees.

If the other units can pay for some or all of your living expense then I would consider it a big win - especially at your age!

The very most-important factor you have to consider before investing in real estate, the stock market, entering into a partnership, or starting a business is you need to be able to understand and calculate the risks because every type of investment has inherent risks and it is the risks that cause you to lose some or all of your money.Not many people who invest in real estate lose money, but some do.

Oral notification is not acceptable

Most of the deals I am analyzing are single family homes - 3bed 2+baths.Like I said I'm looking to live in one and have roommates who pay rent to cover some or all of the mortgage.

Allocating non-common expenses (i.e. repairs) - depending on which unit(s) work is being performed for repairs, you may be able to deduct a portion of it, none of it, or all of it.