This seems like a nice balance of cash-flow and appreciation.1%+ RTP20% cap rate (not sure if this is feasible, but others suggest they reach 20%+).Probably SFR for my first propertyNot too much in initial repairs required

Technically a tax deed is ownership interest and now that I see tax deed in Alabama can be insured it seems that this would be feasible.

I did a quick search and it looks like they're mainly used for higher price points ($2M+) and/or refinancing.From what I read this didn't sound like a feasible option for something small, like purchasing a $500K 6-plex since you're looking at 3+ months to close and loads of paperwork.

I imagine Owner Occupied (OO) is not feasible given your age, meaning you are probably settled into a stable life potentially with a family and moving around isn't ideal...

1) Learn a little bit about various niches/strategies 2) focus on the one most feasible for your situation and/or appeals to you the most 3) attend reias and network wit others; newbies and more experience investors that specialize in your niche 

No I don"t think it is feasible to charge an extra 7%,since most loan mod attorneys in Cali are charging 2-4k.If you do loan mods it is a very smart business move to get alligned with a law firm and attorney that has been doing loan mods for years.Loan mod candidates can be a great source for ss"s though.There are many homeowners getting ripped off in CA,and the attorney general is coming down on "loan mod companies" and " foreclosure consultants".This is an article from The Orange County Register.AG Jerry Brown has sent letters directing 386 mortgage foreclosure consultants to register with his office within 10 days and post $100,000 bond, or demonstrate why they are not required to.

Is this the right approach to take or is it even feasible to do this?

3) Would it be feasible to attend college and act as a real estate agent at the same time?

Is that feasible? 

Of course, if this is feasible in your situation.