There are plenty of other programs as well, but that is who I am most familiar with.

Apparently plenty of other people are cool with them and are paying big money to live there.

I know this only tangential related to Real Estate, but I have a feeling the RE investors that are more successful, are also excellent at networking...I received an invite to the Rockford, IL Chamber of Commerce annual dinner from one of my lenders.

While yes, there are plenty of stories about those who start in real estate with "no money" and build their way up, the truth is it will be easier and probably quicker if you have solid income and money to start with. 

Buying the home right and fixing it up adds plenty of value to resell.As buy and hold, appreciation doesn’t affect my business model.

@Raquel Blue - As both a Property Manager and landlord in Hampton Roads, VA, I’ll tell you that I have had plenty of people inquire about doing similar things - what you described or even more often, group homes.

The city is growing so quickly that there is plenty of opportunity here.

If the deal is good enough and you stand to come out the other side of the deal with a cash flowing property and your cash back then I would think it is plenty wise choice.Every investor has a strategy you have to decide what yours will be.

I will be graduating in 2 years as a physician and will have plenty of income to put towards investing but not enough time to be able to research, find, flip, or manage properties/rentals.

While not all do, there are plenty of multifamily syndications that provide Cash Flow from the beginning on a monthly or quarterly basis.