I’ve read most of “Rich Dad Poor Dad” and also halfway through “The book on Rental Property Investing” written by our very own Brandon Turner.

Just thinking ahead another step... if a cosigner doesn't meet the standards I've set forth (lack of income, subpar credit, etc.) would it make sense to move forward with two instead of three cosigners, or should I require that the student find a different cosigner? 

That led me to bigger pockets and several real estate books later i feel more comfortable looking at real estate from a cash flow perspective. 

If you are going to self manage in the future then you need to have written standards in place. 

What's the standard in New Orleans?

(I kicked cancers ***😊) I I have been reading books,listening to podcast,and blogs for a long time and have started the work of attaining list and bird dogging to do wholesale transactions.

I've been listening to the Bigger Pockets podcasts, reading many real estate books and just trying to learn as much as possible about real estate investing so when the time comes, I'm prepared and ready to jump in by buying my first rental property!

@Victor G. a standard "conforming" mortgage won't do this.

FHA has some unreasonably strict standards for inspection.

Read up the books and find a solid contractor (google and their reviews are your friend)2.