In your shoes, it might be simpler to stay focused on grad school and use your cash to lend to other investors or take an LP role. 

Do you want to try to make some cash flow or secure an asset for the long term so that maybe you can get some friends to rent rooms from you?

They also allow improvements (with documented evidence) to the property to be backed off the sales price for basis.If you do not need the money and don't mind the cash flow, consider owner finance and carry it out for years.  

Cash flow needle in the haystack!

Well I have a deal under contract and I have a cash buyer.

I paid $307k cash and spent another 30k + to fix it.

It's a bridge that creates opportunities to get creative or to make cash offers on RE.

Hi Johnathon, Welcome to the community- - Majority of our investor buyers start with what their budget is and if they need / want financing, explore what those options are to leverage their cash. - There are flexible mortgage solutions available to investors that may allow for up to 85% financing.- work with an experienced agent to guide and assist in identifying properties that are priced well and can cash flow. 

STR's are the most management intensive way to produce cash flow on a property and Tokyo is 9 hours ahead. 

As I am now focused more on cash and creative wholesales-SFR & Land, to eventually do fix and flips, buy n holds.