My primary practice area is real estate tax liens/tax deeds in IL.

I do have some prior experience as a property manager in Orlando for some large units that housed college students including a fraternity house so I am not too scared about becoming a landlord. 

This is not a mentor request and is actually for a college paper. 

Goal: Become a real estate investor or own a ground lease producing income.Start: Some college edcation but jobless with over $100,000.According to previous podcasts guests have recommended a newbie network with real estate investors and add value to a deal.

A vocational or professional education in an industry is always based on acceptable practice to enhance skills and knowledge to succeed.

From what I understand, Memphis has very great areas and very bad areas.It's good practice for an out of state investor to build a local team or partner with a seasoned investor in the area.

Students must live in campus approved housing for freshman and sophomore years, and junior and senior students with scholarships are also required to do so, however juniors and seniors without scholarships tell me they are anxious to live "off campus"Since apartment is one block from university, students can walk to campus, saving them parking permit fees.Additional income could be had by putting in coin laundry, soda/snack machines, and renting out storage units in basement as well as garage space.I have a friend that currently is the maintenance man for the entire university, and he is questioning students as to how much rent they are paying to live off campus currently.OPTIONS:  Rent furnished apartments to 4 students per two bedroom and two in basement unitRent furnished apartments to 4 students per two bedroom and create common area in basement for study/recreationRent all units unfurnishedOption to raise rents by including all furnishings, cable, wifi, cleaning service etc. with them simply paying rent and electric.FINANCINGtax value (not market value) 105,000Taxes $2,200 with no exemptionsProperty currently has a 30K mortgage left of a 55k loan previously taken out to "give first child his half"Owner, due to age is most interested in payments, and leaving remainder to 2nd child for "her half" Owner has expressed the following offer :30K to pay off current mortgage, and 250K to purchase an annuity that would pay $10K/year for his and his daughters lifetime.In its present state, I question whether the property is able to be financed FHA due to condition, though it is a solid building, the maintenance has been deferred.comps on property are practically non existent.MY SITUATION:I have perfect credit, and am about to flip a seasoned home with no mortgage and expect to clear approx. 70K.I am single, steady long term employment, and have no debt.I have a realtors license in inactive status, and have hands on experience with major property improvements.I am a "Dave Ramsey" girl, and debt makes me quiver...  :-)Note: Property is currently in a Life Estate Rev.

Do you have a two year history in your line of work, or in college working on your degree?

I was becoming mildly successful again, but I was not happy with dealing with the stresses of dummy business owners and guns put in my face for having to fire their employees due to excess staffing, so I quit my business and focused on teaching what I love which is video game development at a high school and college.

Look for bulletin boards in places where your desired clientele would see them- coffee shops, colleges, stores, library, etc.