Besides, I'm a newbie and many investors disapproved of this deal the last time I posted it at BP.A few days later, to save my friend from an unprofitable deal, I ask her to buy a house for herself since she's not into it for profit but to seek a bigger shelter than her condo.

I will graduate in December and I've got capital saved up from being very fortunate and not having to pay for school because of my football scholarship.

there are two types of houses in FL. those that have termites, and those that will have termites. get a professional to figure out which type of termite you have. they will tent or trench (or both) the house. you can trench and protect yourself if you want to save the cost.

If your plan is to retire in 5-10 years you will need multiple incomes of stream.

I really don't wan't to get a loan, I am looking to retire in five years and would like to own all properties outright.

In addition to the energy savings the customer will have (more $ they have to pay rent), another perk of tankless units is lifespan.

Truly aligned with the content of using Real Estate in order to retire at speeds decades ahead of what they teach you at school.I am currently looking for:-Expand my network with like minded individuals.  

I have been able to save ~$24,000 from my work from the past 6 summers.

You may need to rehab just one unit, rent it out, then save up some money and rehab the next one.

Assuming you sell for $300k, of which $100k goes to pay off your debt, you could use the remaining $200k in equity for down payments of approx $25k each (25% down can get you better interest rates), giving you 8 cash flow properties which would be paid for by tenants by the time you really need the income (retirement) and provide moderate rental income in the meantime.You'd have to be able and willing to take on that much debt, of course, (so your debt-to-income ratio, annual income, credit score, etc will all impact this).