it's not for everyone, and that's a good thing, otherwise your job would be harder because you're competing with an army of young smart and hungry people trying to eat your lunch. 

Per room on one lease for the year so you aren't eating summer expenses.Typically the tenant students will help line up new tenants for potential vacant rooms to have a say for who their roommates will be.

I want to bring something to table not just eat at it, I don’t plan on wasting your time and hope you don’t waste mine. 

To make sure you get a good return: 1) Look for something that needs some work so that you can get a good deal on it, but not too much work so that you can bring it up to the top of the rent market. 2) Watch out for the HOA because that's going to eat your margin long term. 3) Pick an area that will gentrify.

CA has very high annual fees to maintain an LLC and that could eat a substantial chunk of your cash flow.

The coordinator was making chewing noises when talking to me and I told her to stop eating, get out of the chair and make phone calls or go to the listing agents office.

As Greg said, at 5 rooms it wouldn't be worth it to hire someone to run it, it would eat up all your cash flow.

Cut down on living costs, like cable, eating out, buying coffee, buying expensive clothes, getting rid of that $400 car payment and buying one outright for a couple grand.

Closing costs will eat some of that cash out money up (that is one area you save on a HELOC), but you might make that up with a longer amortization period and potentially better rates with the 30 year refinance. 

While we are not eating on beans and rice now, we are curious what people's thoughts are on "Starting Out" while having student debt.We currently have a plan in place that we are following to get out of SFH and into four-plex to house hack then do our debt snowball.Would love to hear if anyone else had similar stories or their PO.Mike