I am 20 years of age and a sophomore in college.

I'm thinking with her graduating college next summer and her being in the reserves (Army) it will help as the traditional W2 job with her Officer pay.

Additionally, depending on where the property is, you may have to go through dewinterizing it, so keep that in mind as well.Once the property is up and running again, you can basically implement your rehab plan and proceed accordingly assuming you've taken care of any issues that might obstruct you being able to start working (i.e. getting certain permits, if needed) As a sidebar, remember to plan on making sure everything will be up to codes upon the completion of the project.

I did some research and all permit filed/completed.- Complete yard makeoverI do feel my initial rehab budget is way low based on the items above and reaching out to BP members for advise.Thanks.

No permit needed.

Trying to stick to the up and coming urban areas where possible renting to the out of college / young professional crowd.

-Those foreigner students that you didn't stop your "friends" from hassling in college?  

My finance's cousin does college student housing already so I have a mentor should I choose to go that route, but I am leaning towards clientele a little higher up the income/responsibility spectrum, although I haven't ruled it out yet.

We have no college education but we also have no debt.

You could just put a sign up that explains that it is a permit only parking lot and have a phone number on that sign for anyone who would like to seek a permit.