I have done my research in regards to paying off my student loans first, but they are at a 3.2% interest rate and I still think it is more beneficial financially to invest now while I am relatively young.

the biggest issues are that the available tenant base drops dramatically around October and doesn't pick up again till the end of the school year.People are no different than animals in that regard.They want to be settled and hunkered down in a property before the school year and/or bad weather starts.Quality tenants with good financial backgrounds don't want to move their families in the middle of an icy,snowy winter for obvious reasons,and good college students have already started school in August.Many of the few available tenants will have questionable backgrounds like recent job loss,previous eviction,bad credit,difficult income verification and don't make 3 times the rent,criminal records,etc.   

I look forward to learning as much about real estate investing and strategies that will allow me to create a lifestyle of financial freedom and adventure!

Tour it in person, then ask to see the financials.

I'm not sure of your exact financial situation, but I would also add that if you have not yet mastered personal finance, you best focus on that before buying any sort of property ... this will also help you save some money.

Hi all - I want to file for an LLC to protect myself as I jump into real estate wholesaling/investing.

But as a buyer I am entitled to protect my earnest money to the best of my abilities and so there is no harm in doing that.

It is considered a contingent liability on your personal balance sheet when you go to fill out a PFS or personal financial statement.  

My wife wants a nice home, and so do I, but I also want to be able to set us up for financial success in the future.

Being this is an FHA loan thru New day Financial I heard it is difficult for investors to get these deals.